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

15 May, 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

See More

Uruguay extends compliance due dates amid COVID-19 pandemic

01 April, 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

See More

Uruguay extends deadline for CbC reporting

12 February, 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

See More

Uruguay ratifies BEPS multilateral instrument

23 September, 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

See More

Uruguay: New incentive for software development

25 June, 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

See More

Uruguay extends CbC Reporting deadline to 30 April 2019

05 April, 2019

According to Resolution No. 860/2019 of 27 March 2019, Uruguay's Directorate General of Taxation has extended the deadline for the submission of Country-by-Country Report (CbCR) to 30 April 2019 in respect of the reporting fiscal year ending 31

See More

Uruguay: Tax authority revises list of low or no taxation countries and jurisdictions

13 January, 2019

On 17 December 2018, the tax authority of Uruguay published Resolution No. 10,730 revising the list of countries and jurisdictions with no or low taxation. The declared list of countries and jurisdictions are listed below: Andorra Falkland

See More

Uruguay updates CbC Reporting requirements

07 January, 2019

On 4 January 2019, Uruguay's Directorate General of Taxation (DGI) has issued Resolution No. 94/2019 regarding submission of Country-by-Country (CbC) reports and notifications. Uruguay's CbC reporting requirements apply fiscal years beginning on 1

See More

Uruguay issues guidance of new TP documentation requirements

22 November, 2018

In October 2018, the government of Uruguay issued Decree No. 353/2018 providing regulatory guidance regarding new transfer pricing (TP) documentation requirements. The decree clarifies guidance to implement the transfer pricing documentation

See More

Uruguay: Directorate General of Taxation amends R&D tax incentive regime

20 July, 2018

Recently, the Directorate General of Taxation has published Law No. 19.637 with numerous tax amendments. The major change incorporated in the area of incentive regime that provides an exemption for income derived from Research & Development

See More

Uruguay: Parliament passes a bill on the Multilateral Instrument (MLI)

21 June, 2018

4 June 2018, the Uruguayan parliament passed the Bill for the ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Uruguay signed the MLI on 7 June 2017. The MLI will

See More

Uruguay: Regulations on common reporting standard (CRS) issued

28 September, 2017

On 25 September 2017, the Tax Authority issued Resolution No. 6.396/017 providing instructions to financial institutions for reporting information under the Common Reporting Standard (CRS) guided by OECD. Under the CRS, Financial institutions are

See More

DTA between Uruguay and Paraguay signed

15 September, 2017

On 8 September 2017, the Double Taxation Agreement (DTA) between Uruguay and Paraguay was signed for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in

See More

DTA between Belgium and Uruguay enters into force

10 August, 2017

On 4 August 2017, the Double Taxation Agreement (DTA) between Belgium and Uruguay was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5% for at least 10% holding; otherwise 15%, Interest rate 12% and

See More

Uruguay: Executive Power formally proposes accountability bill 2016

06 August, 2017

The Executive Power of Uruguay submitted to Congress for consideration the 2016 Accountability Bill on 20 June 2017. The Bill includes provisions on Internet services and the software industry. The bill would also modify the Free Zones (FZ) law. If

See More

Uruguay- Fiscal Transparency Law issued

05 April, 2017

Uruguay has issued Decree 77/2017 as a guide to Law No 19.484 which sets out the provisions on compliance with international standards for fiscal transparency. The Decree clarifies which companies are required to provide the tax authorities with

See More

TIEA between Chile and Uruguay enters into force

19 February, 2017

The Exchange of Information Agreement of 2014 between Chile and Uruguay entered into force on 4th August 2016 regarding tax matters and generally applies from 4 August 2016. The announcement of the entry into force of the agreement was published in

See More

DTA between Luxembourg and Uruguay enters into force

28 January, 2017

The Double Taxation Agreement (DTA) between Luxembourg and Uruguay entered into force on 11 January 2017. The agreement applies from 1 January 2018. From this date, the new treaty generally replaces the Uruguay-Luxembourg Income and Capital Tax

See More