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Reports

ICIR - New bill to repeal tax

Today the Government sent to the Parliament a bill in order to repeal Act No. 18.876 which created the Tax against Concentration of Rural Lands (ICIR). This tax was declared unconstitutional by the Supreme Court of Justice (SCJ).According to the bill ...

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 athlete´s 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 athlete´s rights.In this ...

Tax Results - The General Taxation Office presented the statistics with regard to the collection of taxes on 2012

The General Taxation Office presented the statistics with regard to the collection of taxes on 2012.According to the dissertation made by the Tax Director, Cr. Pablo Ferreri, the main results are:an increase of the amounts collecteda small increase of ...

Exchange of Tax Information - Bill in order to approve the Tax Information Exchange Agreement between Uruguay and Netherlands

The Executive has sent to the Parliament a bill with the purpose to approve the Tax Information Exchange Agreement between Uruguay and Netherlands.The Agreement was signed at The Hague on October 24, 2012, following the criterion of the other agreements ...

Promotion of the Biotechnological Industry - A brief review of the tax benefits regime for enterprises who develop biotechnological products or render biotechnological services

Decree N° 11/013 promotes the biotechnologic industry under the scope of the Uruguayan Investments Act, establishing very important tax benefits in order to foster the investigation and develop in this area.In the attached file we make a brief review ...