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 without making a penalty up to 31 December 2014. Here, the term ‘Holders’ refers to entities that have participation in the capital of other entities. The return should be submitted by nonresident entities that satisfy the following criteria:
- Act in Uruguayan area via a permanent establishment
- An entity would have effective headquarters in Uruguay when the management and control of all of its activities are located in Uruguay.
