Recently Act No. 19.484 on International Tax Transparency, Prevention of Money Laundering and Financing of Terrorism was published in the Official Gazzette, introducing significant changes in the Uruguayan tax system.
In this special edition of our Infotax we will analyze in detail the newAct, covering all its titles:
- The International Tax Transparency Act
- Automatic report to the Tax Authority of balances and income from financial source
- Identification of the beneficial owner and owners of nominative shares
- Rules applicable to entities which are resident in countries or jurisdictions of low or null taxation, or who are benefited from a special regime of low or null taxation
- Adjustments to the transfer pricing regime S.A.
