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 the taxpayer that produced the tax credit) will be delivered only if the taxpayer does not have any unpaid tax obligation at the certificate’s issue date and the credit certificates may be applied within 4 years from the date of the credit made. Again Resolution No. 3,906 gives that credit certificates to pay taxes to the tax office will only be approved and submitted electronically starting from 1st November 2014. Besides, the resolution launches that no minimum level of issuance amount is needed for these certificates.
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