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BPS on property improvements

8 years ago
We received this advice from our lawyers/escribanos just before the closing date for our house in UY (this Wed, Woo Hoo!)

"If you are planning to do any improvement to the property, bear in mind that you will have to pay all the social security taxes to the Social Security Bank (BPS)"

I admit that I am befuddled by this statement.

Does anyone have experience with this?

Of course, our lawyer/escribanos will explain; but, the perspective of expats would be most welcome.

Thanx

SJB Global
SJB Global
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