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04 February 2016

Uruguay enacts budget for 2015-2019

Some modifications were made to the budget proposal. Taxpayers should consider the changes discussed in this Alert along with the tax law changes discussed in Tax Alert 2015-1922 to ensure they have complied.

On December 19, 2015, Uruguay enacted its budget for 2015-2019 with some modifications to the proposal.

The following modifications were made to the budget:

— If a company is liquidated because of bankruptcy, taxes accrued for up to four years before the bankruptcy declaration can be collected first.

— All entities, Uruguayan residents or not, involved directly or indirectly in the supply or demand of land passenger transportation or tourist accommodation, rendered by individuals or legal entities that are not duly authorized to provide such services, will be jointly liable for applicable taxes and penalties.

Unless otherwise stated in the provisions, the budget is generally effective January 1, 2016.

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Contact Information
For additional information concerning this Alert, please contact:
 
EY Uruguay
• Martha Roca598 2 902 3147
• Rodrigo Barrios598 2 902 3147
Latin American Business Center, New York
• Ana Mingramm(212) 773-9190
• Enrique Perez Grovas(212) 773-1594
• Pablo Wejcman(212) 773-5129
Latin America Business Center, London
• Jose Padilla+44 20 7760 9253

Document ID: 2016-0249

 

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