Fields with native forests: contribution benefits, IRAE and BPS

Record

To register the native forest that exists within a property, you must:

• Carry out the evaluation with an agronomist or forestry technician graduated from UTU.
• Request registration with the General Forestry Directorate —DGF— (Guide for Registration of Native Forest).

The registration of the native forest grants the producer tax benefits: Real Estate Tax, Primary Tax, Wealth Tax, IRAE and BPS. Registration and instructions

Short

It is necessary to request authorization to cut and manage native forest

• Submit the specific cutting request to the DGF.
• Act according to the resolution of the DGF in response to that request.

Failure to comply with the law and/or logging outside of what is authorized by the DGF resolution generates sanctions and fines. transit guide.

Marketing (barracks)

To have or market timber products from the native forest, you must:

Interest rate tied to native forests

Uruguay debuted last month in the sustainable bond market with an issuance in dollars in 2034 for a global amount of US$1.5 billion. The possibility of paying less interest if environmental goals are exceeded and the inclusion of the native forest area as a key indicator make this transaction a pioneer in the world.

The first indicator is to achieve a 50% reduction in greenhouse gases per unit of real GDP by 2025 compared to 1990, which is the reference year. The second indicator to be met is the maintenance of 100% of the native forest area compared to 2012. This goal is also for 2025.

In 2027, compliance with the pre-established goals will be evaluated. Each overcompliance or noncompliance implies a movement of 15 basis points in the cost of financing or the rate to be paid to investors.