US, Uruguay TIEA enters into force

18 November, 2024

The tax information exchange agreement (TIEA) between the US and Uruguay took effect on 10 November 2024. This follows Uruguay’s Chamber of Senators' approval of a tax information exchange agreement with the US on 7 August 2024. The

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Uruguay, Turkey sign tax treaty

18 November, 2024

Omar Paganini, and the Ambassador of Turkey in Montevideo, Tunca Özçuhadar, signed the Agreement to Eliminate Double Taxation on Income Taxes and Prevent Tax Evasion and Avoidance on 12 November 2024. The announcement was made in a release by

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Uruguay ratifies income, capital tax treaty with Colombia

30 September, 2024

Uruguay ratified the income and capital tax treaty with Colombia through Law No. 20367 on 23 September 2024, the news was reported on Uruguayan parliament's website, The treaty was signed 19 November 2021, in Bogotá, Colombia. Both countries

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Uruguay extends CIT and Net Wealth Tax exemptions, updates definition of Shared Services Centre

30 September, 2024

The Ministry of Economy and Finance in Uruguay updated the definition of “Shared Services Centre” and extended tax exemptions for Corporate Income Tax (CIT) and Net Wealth Tax, through the publishing of Decree No. 257/024 in the Official

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Uruguay extends reduced VAT for tourism until April 2025 

30 September, 2024

Uruguay’s Ministry of Economy and Finance has extended the 9% VAT reduction for certain tourism operations until 30 April 2025, provided that the payment is made using electronic payment methods such as credit cards, debit cards or e-money payment

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Uruguay, US ratify exchange of information agreement

26 September, 2024

Uruguay has ratified the US-Uruguay Exchange of Information Agreement (2023) through Law No. 20351. The legislation is currently pending publication in the Official Gazette. Signed on 24 October 2023, under the agreement Uruguay and the US will

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Uruguay approves tax information exchange agreement with the US

14 August, 2024

Uruguay's Chamber of Senators approved a tax information exchange agreement with the US on 7 August 2024. Signed on 24 October 2023, this marks the first agreement of its kind between the two nations. It aims to enhance cooperation in tax matters

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Uruguay amends corporate income tax for small companies

07 February, 2024

On 5 February 2024, the Uruguayan government published Decree No. 25/024 in the Official Gazette, introducing a new amendment to the Corporate Income Tax regulations. Under this new regulatory provision, corporate income taxpayers who have never

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Uruguay enacts accountability bill 2022

20 November, 2023

On 8 November 2023, the Parliament in Uruguay passed Accountability Bill Law 20,212, which includes amendments to the tax regulations. On June 30, 2023, the Executive Power presented the accountability bill to the Parliament for deliberation. The

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Uruguay declares minimum monthly advance tax for FY 2023

27 January, 2023

On 16 January 2023, the government of Uruguay has released Decree No. 419/022, which outlines the minimum amounts of monthly advance payment for corporate income tax (IRAE) for the financial year (FY) 2023. The minimum payments are determined in the

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Uruguay revises list of low tax countries

07 January, 2023

On 28 December 2022, the Uruguayan Tax Administration released Resolution No. 2470/022, which updated the list of low or no taxation countries or jurisdictions. On 29 December 2022, the Resolution was published in the Official Gazette and entered

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Uruguay extends incentives for building construction projects

10 June, 2022

On 17 May 2022, the Ministry of Economy and Finance of Uruguay issued Decree No. 155/022, which extends the deadline to submit an application from 31 December 2022 to 31 December 2023 for submitting construction and large-economic projects to the

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Uruguay revises list of low or no tax jurisdictions

05 March, 2022

On 21 February 2022, Uruguay has published DGI Resolution No. 223/022, which updates the list of low or no tax jurisdictions and regimes, with effect from same date. According to the Resolution No. 223/022 the updated list includes 36

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Uruguay extends advance tax payment deadline

24 February, 2021

On 10 February 2021, the Directorate General of Taxation (DGI) of Uruguay has declared Resolution No. 209/2021 regarding advance payment deadline extension for the month of January 2021 until March 2021 (generally due in February) in response to

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Uruguay extends CbC reporting deadline to 28 February 2021

05 February, 2021

On 19 January 2021, Uruguay's Directorate General of Taxation (DGI) has published Resolution No. 075/2021 regarding the extension of the Country-by-Country (CbC) reporting deadline to 28 February 2021 for reporting fiscal years ending between 1

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Uruguay extends estimated tax payment deadline

22 October, 2020

On 14 October 2020, the tax Authority of Uruguay published Resolution No. 1.898/020, extending the deadline for making estimated tax payments of corporate income tax (CIT), net wealth tax and corporation control tax to December 2020

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Uruguay declares tax exemption for software development services

22 October, 2020

The tax authority of Uruguay has issued Resolution No. 1716 to exempt corporate tax for income from software development services. Particularly, the tax authority permitted taxpayers to include, in their expenses and direct costs incurred in

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Uruguay extends additional advance payment deadline for August 2020

20 September, 2020

The Directorate General of Taxation (DGI) of Uruguay has announced Resolution No. 1626/2020 of 9 September 2020 concerning additional advance payment deadline extensions in response to the Covid-19 pandemic. The taxpayers with taxable gross

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