Uruguay amends corporate income tax for small companies

February 07, 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

November 20, 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

January 27, 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

January 07, 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

June 10, 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

March 05, 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

February 24, 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

February 05, 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

October 22, 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

October 22, 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

September 20, 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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OECD: Global Forum issues peer review reports on transparency and exchange of information

September 02, 2020

On 1 September 2020 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes issued nine new second-round peer review reports containing details of their review and assessment of the compliance by nine jurisdictions

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Uruguay extends additional advance payment deadline

July 22, 2020

The Directorate General of Taxation (DGI) of Uruguay has announced Resolution No. 1251/2020 of 16 July 2020 concerning additional advance payment deadline extensions in response to the Covid-19 pandemic. The taxpayers with taxable gross

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Uruguay further extends tax returns submission deadlines amid COVID-19 pandemic

May 15, 2020

The Directorate General of Taxation (DGI) of Uruguay has published Resolution 707/2020 of 20 April 2020. The resolution extends deadline for annual tax payment and returns due to COVID-19 pandemic. This includes that taxpayers, except those

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Uruguay extends compliance due dates amid COVID-19 pandemic

April 01, 2020

On 20 March 2020, the tax authority of Uruguay issued Resolution No. 550 in response to mitigate the economic impact of COVID-19. The Resolution declares extension of due date for tax obligations, as follows: the deadline for the payment of tax

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Uruguay extends deadline for CbC reporting

February 12, 2020

The Directorate General of Taxation of Uruguay has published Resolution No. 234/2020 of 31 January 2020 to extend the Country-by-Country (CbC) reporting deadline to 15 March 2020 for reporting fiscal years ending between 1 January 2019 and 28

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Uruguay ratifies BEPS multilateral instrument

September 23, 2019

On 18 September 2019, Mr. Tabaré Vázquez, the president of Uruguay signed the law for the ratification of the multilateral convention to implement Double Taxation Agreement (DTA) related measures to prevent Base Erosion and Profit Shifting

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Uruguay: New incentive for software development

June 25, 2019

Uruguay has published Decree No 96/2019 of 22 April 2019 amending exemption incentive for software development with effect from 1 January 2018 to comply with BEPS Action 5. The decree applies retroactively from 1 January 2018. The Decree

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