New 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
See MoreUruguay: New tax credit certificate regulations issues
Uruguay has issued Resolutions No. 3,905 and 3,906 on 30th October 2014 for announcing new regulations regarding tax credit certificates. Resolution No. 3,905 establishes that the credit certificates which are authorized (given to the supplier of
See MoreDTA between Uruguay and United Arab Emirates signed
On 10 October 2014 an Income Tax Treaty signed between Uruguay and United Arab Emirates. The treaty will enter into force after the exchange of ratification instruments are in
See MoreUruguay-Romania: Income and Capital Tax Treaty entered into force
The Income and Capital Tax Treaty between Romania and Uruguay has entered into force on 22 October 2014. The treaty for withholding tax usually applies from 1 January 2015, the treaty for criminal tax matters applies from 22 October 2014 and the
See MoreUruguay: Instructions for using tax administration’s website
The tax administration in Uruguay has declared that tax payment certificates may only be submitted electronically under its new online service. For getting access to the website due to electronic submissions of returns and certificates, taxpayers
See MoreUruguay-Tax authorities rule on application of transfer pricing study
The tax administration of Uruguay issued Ruling No. 5,975 on 18 June 2014. According to the ruling transfer pricing study will not be applicable in the case of financial operations between a Uruguayan branch and foreign parent. The ruling will
See MoreUruguay- reduction of VAT rate on electronic purchases
In Uruguay the Vat rate applicable on purchases of goods and services acquired by bank debit cards, credit cards and wire transfers has been reduced by 2% from 1 August 2014. Also a further 1% cut will be applied from August 2015. The reduced rate
See MoreUruguay- TIEA with Canada entered into force
Canada and Uruguay signed a tax information exchange agreement on 5 February 2013. The agreement entered into force on 27 June 2014. The agreement will apply to all taxes imposed or managed by governments of both countries. In relation to all
See MoreUruguay- Signing of TIEA with Guernsey
Uruguay signed a tax information exchange agreement with Guernsey on 2 July 2014. After entering into force the agreement will apply in Uruguay to income tax and dwellings profits and in Uruguay the TIEA will apply to all taxes imposed or
See MoreUruguay and Guernsey signed Exchange of Information Agreement
Uruguay and Guernsey signed an Exchange of Information Agreement on 2 July 2014. The agreement will enter into force after ratification by both parties, and the possible date for entry into force is not
See MoreUruguay-Ratification of TIEA with Australia and Canada
The government of Uruguay has announced that it has ratified the tax exchange information agreements with Australia and Canada. The TIEA between Australia and Uruguay was signed on 10 December 2012. To terminate the agreement either party will have
See MoreCanada – Uruguay: TIEA ratified by Uruguay
According to the way of Law No. 19.223, Uruguay has ratified the Canada - Uruguay Tax Information Exchange Agreement (TIEA) on June 13,
See MoreUruguay-Temporary reduction of VAT on purchase by debit cards and credit cards
The government of Uruguay is planning to temporarily cut VAT by 4% on purchase by debit cards and by 2% on that for credit cards. The Economy Minister announced on 5 June 2014 that all debit card and electronic payment purchases with indexed units
See MoreUruguay’s Tax Authority Reveals 2014 Targets
The Uruguayan tax authority (DGI) has recently revealed its 2014 audit targets. For 2014, the DGI indicated that it plans to conduct 1,350 tax audits in the year. This includes 90 audits for taxpayers whose turnover exceeds UYU50m (USD2.2m), and at
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