DTA between UK and Uruguay now in force

26 January, 2017

The comprehensive Double Taxation Agreement (DTA) between UK and Uruguay has taken effect from 1 January 2017. The UK and Uruguay signed a convention to avoid double taxation and prevent fiscal evasion related to taxes on income and on capital on 24

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Uruguay: Fiscal benefits extended for implementation of electronic invoicing system

11 January, 2017

The Decree of 19 December 2016 adopted by the Ministry of Economic Affairs and Finance extended the benefits provided for by Regulation No 324/011 concerning the development and implementation of the system of electronic tax documents until 31

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Luxembourg: Parliament ratifies DTA with Uruguay

01 January, 2017

Luxembourg ratified the income and capital tax treaty with Uruguay on 23 December 2016. The treaty was signed on 10 March

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Uruguay- New transfer pricing requirements for corporations with income derived from tax-exempt activities

21 December, 2016

The Tax Authority of Uruguay issued Ruling No. 5,947 on 6 December 2016 according to which a corporation conducts business with foreign related companies with income derived from a tax-exempt activity will be subject to the transfer pricing

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Uruguay- DTA with Singapore approved

18 December, 2016

The Parliament of Uruguay accepted the treaty with Singapore for the avoidance of double taxation on 24 November 2016 through Law No. 19,457. The treaty contains a provision on exchange of information which will enter into force within 15 days after

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Uruguay-tax measures included in approved accountability Bill

15 October, 2016

The Chamber of Deputies of Uruguay approved the accountability bill on 5 October 2016 after it was modified by both the deputies and the senators' chambers. According to the approved accountability bill the adjustment for inflation for corporate

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Uruguay: Publishes Decree regulating modifications to tax rules made by National Budget Law

20 September, 2016

The Ministry of Finance issued Decree No. 279/016 on 12 September 2016 that contains regulatory provisions for the application of the modifications to tax rules made by Law No. 19,355 of 15 December 2015. The main provisions of the Decree are

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Uruguay-Bill on adoption of CbC reporting, Master file documentation and the availability of bilateral and multilateral APAs

15 August, 2016

The Uruguay Government has submitted to Congress a tax bill including adoption of the OECD’s recommendations for Country-by-Country (CbC) reporting following the scope of information to be provided under the Base Erosion and Profit Shifting (BEPS)

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Uruguay-Tax measures of the Accountability Bill

09 July, 2016

The chamber of Deputies of Uruguay received for discussion the Accountability Bill on 20 June 2016. The Bill was issued by the Executive Branch. The Bill consists of several tax measures. The corporate income tax measures included in the Bill are as

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UK publishes text of double tax agreement with Uruguay

01 July, 2016

On 28 June 2016 the UK published the text of the double tax convention with Uruguay signed on 24 February 2016. The agreement is not yet in force. The provisions of the agreement generally follow the OECD Model but the following items are of

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DTA between UAE and Uruguay ratified

27 May, 2016

The Income and capital Tax Treaty (2014) between United Arab Emirates and Uruguay has been ratified by Uruguay according to the Law No. 19.393 on 20th May

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TIEA between Chile and Uruguay ratified

27 May, 2016

The Exchange of Information Agreement (2014) between Chile and Uruguay has been ratified by Uruguay on 20th May 2016 under the Law No.

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DTA between Chile and Uruguay signed

04 April, 2016

An Income and Capital Tax Treaty (DTA) between Chile and Uruguay has been signed on 1st April 2016 in

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Uruguay- period of validity extended for tax benefits for manufacturing agricultural machinery and equipment

14 January, 2016

In Uruguay, Decree No. 325/015 of 7 December 2015 extended the period of validity of tax benefits provided for manufacturing agricultural machinery and equipment under Decree No. 220/998, Investment Promotion Law No. 16,906 of January 1998 and

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Uruguay-Decree and Resolution published on new tax benefits for investments in electronic invoicing systems

25 November, 2015

The Ministry of Economy and Finance of Uruguay issued Decree No. 274/2015 which was published in the Official Gazette on 20th October 2015. On the other hand on 17th October 2015, the Resolution No. 4,126/2015 had been published in the Official

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Uruguay-Proposed Budget Bill for 2015-19

22 September, 2015

Uruguay’s government has submitted to the Congress the Bill of the National Budget for the years 2015 up to 2019 on 31 August 2015. If enacted the bill would make significant changes to the tax laws. According to the proposal, income derived from

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Chile and Uruguay: TIEAs approved by Uruguay

04 September, 2015

The Exchange of Information Agreement (TIEA; 2014) between Chile and Uruguay has been approved by the Senate of Uruguay on 1st September 2015 and it still needs to be enacted by the President and then ratified by

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Uruguay: New rules for depreciating intangible assets

15 July, 2015

The government of Uruguay has modified the rules for depreciating intangible assets through Decree No. 181/015 of 6 July 2015. The new rules have changed the general depreciating period for intangible assets acquired from 1 July 2015. Taxpayers

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