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Reports

The Financial Inclusion Act (No. 19.210)

On May 19, 2014, the Financial Inclusion Act, No. 19.210 (the "Act"), entered into force, which represents an important change in the Uruguayan payment system. The Act regulates "electronic money" in Uruguay´s financial system, establishes regulations ...

Impact of the legalization of Cannabis on the labor environment

On May 19 the regulatory decree of Act 19.172 was published in the Official Gazette. Said law established the parameters under which the Governement will control and regulate the commercialization, distribution and consumption of marijuana and its derivatives. ...

The Corporate Criminal Liability Act

On March 18, 2014, the Senate Chamber voted by a majority in favor of a law which establishes criminal liability of an employer that does not adopt means of safety and security and puts into grave, real danger the life, health and integrity of workers.While ...

Large-Scale Mining - Tax Regime

"Act 19.126 of September 11, 2013 regulates the Large-Scale Mining in Uruguay.Chapter IV of said Act regulates the tax regime applying to the mining activity.In the following lines we will consider the main aspects of such regime.No exemptions for income ...

Taxation on the income arising from athletes´ rights – Adjustments to the percentages for the determination of the income of Uruguayan source in case of operations related to athletes´ rights.

By Resolution N° 2683/2013 (dated August 27,2013) the percentages fixed by Resolution N° 891/2008 were modified in which concerns to the determination of the income of Uruguayan source for certain operations related to the athletes´ rights.In this ...