International Tax Transparency Act

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 ...

New incentives for investments and changes in matter of tax residence

A recent Decree establishes new incentives for investments – establishing tax benefits fordifferent activities – and also modifications in relation to the concept of tax residence.

Bill on tax treatment for financial derivatives

A new bill states a specific tax treatment for financial derivatives. 

Ratification of Convention on Mutual Administrative Assistance in Tax Matters

Last August 29th the Uruguayan Parliament enacted Act No. 19.428 which ratified the Convention on Mutual Administrative Assistance in Tax Matters (hereinafter “theConvention”), signed by Uruguay in Paris last June 1st, 2016.

Bill on International Tax Transparency and Prevention of Money Laundering

The Bill is intended to state certain rules in order to comply with the agreed international standards on international tax transparency and prevention of money laundering and financing of terrorism.See the following report: