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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New Customs Code of Uruguay

02 April, 2015

The new Customs Code of Uruguay was enacted on 18 March 2015 .The new Code was approved by the Uruguayan Parliament on 10 September

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Luxembourg Signed an Income and Capital Tax Treaty with Uruguay

01 April, 2015

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

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Australia & Uruguay: TIEA entered into force

08 December, 2014

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

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Uruguay: Tax exemption for income regarding some investments

13 November, 2014

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

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Uruguay: Due date extends for nonresident entities to file return

03 November, 2014

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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Uruguay: New tax credit certificate regulations issues

03 November, 2014

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

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DTA between Uruguay and United Arab Emirates signed

27 October, 2014

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

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Uruguay-Romania: Income and Capital Tax Treaty entered into force

23 October, 2014

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

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Uruguay: Instructions for using tax administration’s website

13 October, 2014

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

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Uruguay-Tax authorities rule on application of transfer pricing study

10 August, 2014

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

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Uruguay- reduction of VAT rate on electronic purchases

06 August, 2014

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

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Uruguay- TIEA with Canada entered into force

15 July, 2014

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

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Uruguay- Signing of TIEA with Guernsey

10 July, 2014

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

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Uruguay and Guernsey signed Exchange of Information Agreement

06 July, 2014

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

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