Transitional regime and definitive elimination of the Special Credit for Construction Companies
With regard of the issuance of Law No. 18,630 of 1987, which incorporated construction activity into VAT, the so-called Special Credit for Construction Companies (“CEEC”, for its initials in Spanish) was included in Decree Law No. 910 of 1975, which originally allowed the deduction of 0.65 of the VAT tax debit that the company had […]