Uruguay-tax measures included in approved accountability Bill
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
See MoreUruguay: Publishes Decree regulating modifications to tax rules made by National Budget Law
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
See MoreUruguay-Bill on adoption of CbC reporting, Master file documentation and the availability of bilateral and multilateral APAs
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)
See MoreUruguay-Tax measures of the Accountability Bill
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
See MoreUK publishes text of double tax agreement with Uruguay
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
See MoreDTA between UAE and Uruguay ratified
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
See MoreTIEA between Chile and Uruguay ratified
The Exchange of Information Agreement (2014) between Chile and Uruguay has been ratified by Uruguay on 20th May 2016 under the Law No.
See MoreDTA between Chile and Uruguay signed
An Income and Capital Tax Treaty (DTA) between Chile and Uruguay has been signed on 1st April 2016 in
See MoreUruguay- period of validity extended for tax benefits for manufacturing agricultural machinery and equipment
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
See MoreUruguay-Decree and Resolution published on new tax benefits for investments in electronic invoicing systems
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
See MoreUruguay-Proposed Budget Bill for 2015-19
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
See MoreChile and Uruguay: TIEAs approved by Uruguay
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
See MoreUruguay: New rules for depreciating intangible assets
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
See MoreNew Customs Code of Uruguay
The new Customs Code of Uruguay was enacted on 18 March 2015 .The new Code was approved by the Uruguayan Parliament on 10 September
See MoreLuxembourg Signed an Income and Capital Tax Treaty with Uruguay
Luxembourg and Uruguay has signed an Income and Capital Tax Treaty on 10 March 2015. The treaty was signed for the avoidance of double taxation and prevention of fiscal
See MoreAustralia & Uruguay: TIEA entered into force
The Tax Information Exchange Agreement (TIEA) (2012) between Australia and Uruguay has entered into force on 1st July 2014. This treaty generally applies from 1 January
See MoreUruguay: Tax exemption for income regarding some investments
A new law permits a freedom from tax for income regarding certain investments. Ley N° 19.289 offers an income tax exemption for particular taxpayers according to the purchase or construction of fixed assets, given that some conditions are
See MoreUruguay: Due date extends for nonresident entities to file return
According to the Resolution dated on 13 October 2014, Economy and Finance Ministry of Uruguay will permit nonresident entities that have not yet complied with filing the holders’ information return under Law No. 18,930 to submit the return
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