June 22, 2020 Uruguay's Executive Power adds new conditions under which individuals may obtain tax residence The decree adds two new conditions that allow individuals to claim tax residence in Uruguay if they make certain investments. Uruguay's Executive Power has issued Decree No. 163/020, establishing additional conditions under which individuals may claim tax residence based on their economic interests in Uruguay. Background Individuals generally may claim tax residence in Uruguay based on their economic interests in Uruguay if they satisfy one of the following conditions:
Decree No. 163/020 The decree establishes additional conditions under which individuals may claim tax residence in Uruguay based on their economic interests. Individuals may claim tax residence if they meet one of the following conditions:
New Jobs are those created as of July 1, 2020, without decreasing the jobs of a related company. ———————————————
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