February 11, 2021 Uruguayan tax authorities update list of low- or no-taxation countries and jurisdictions Taxpayers should be aware of the countries and jurisdictions on the low- or no-taxation list. Through Resolution No. 2440/2020 (dated December 22, 2020), the Uruguayan tax authorities updated the list of low-or no-taxation (LONT) countries, which applies for income taxes (corporate, personal and nonresident), net wealth tax, and the transfer pricing regime (see Tax Alert 2020-0247 dated January 31, 2020) The updated LONT list includes 39 countries and went into effect January 1, 2021. The only country removed from the previous list is Grenada. Countries or jurisdictions may be removed from the Uruguayan LONT list when certain conditions are met:
The following 39 countries and jurisdictions are on the LONT list:
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