24 April 2020 Uruguayan tax authorities extend return filing and tax payment deadlines due to COVID-19 Taxpayers have more time to file tax returns and, in some cases, may be able to pay their taxes in installments. On April 20 and 21, 2020, Uruguay's tax authorities issued Resolution Nos. 707/020 and 718/020, extending the deadlines for filing tax returns and paying taxes. Under the resolutions, all taxpayers, except those included in the large taxpayer's group, may pay the corporate income tax (CIT), net wealth tax (NWT), corporation control tax (CCT) and notional dividends, based on the amount of their taxable income. The following payment schedules apply:
The value of the IU at the end of the corresponding tax year must be considered in determining the amount of income. Currently, 1 Indexed Unit is approximately UYU 4.5. The due date for filing CIT, NWT, value-added tax, CCT and notional dividends returns for taxpayers with tax years ending December 31, 2019, is extended from April 2020 to May 2020. The exact due date is dependent on the taxpayer's size — large, medium or small. For taxpayers in the large and medium taxpayers' groups that have to file returns and make tax payments in April, the due date is extended from April 22, 2020 to April 27, 2020. For small taxpayers that have to file returns and make tax payments in April, the due date is extended from April 27, 2020 to April 28, 2020.
Document ID: 2020-1116 | |||||||||||||||||||||||||||||||||||||||||||||||||||
