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February 11, 2021
2021-0315

Uruguay's Executive Power suspends withholding tax obligations for temporary leases of real estate for tourism purposes

Entities that collect lease payments for properties leased for no more than 31 days do not have to withhold personal income tax and nonresident income tax on lease payments from November 4, 2020 to April 30, 2021.

Through Decree No. 293/020, Uruguay's Executive Power suspended personal income tax (PIT) withholding and nonresident income tax (NRIT) withholding on temporary leases of real estate for tourism purposes until April 30, 2021.

Background

Uruguay's Executive Power previously issued decrees that suspended the withholding tax obligations applicable to temporary leasing contracts for tourism purposes until April 30, 2020.

Decree 293/020

The decree suspends PIT and NRIT withholding tax obligations from November 4, 2020, to April 30, 2021, for temporary leases of real estate for tourism purposes. The suspension applies to corporate income taxpayers and entities that collect lease payments for properties leased for no more than 31 days.

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Contact Information
For additional information concerning this Alert, please contact:
 
EY Uruguay
   • Martha Roca (martha.roca@uy.ey.com)
   • María Inés Eibe (ines.eibe@uy.ey.com)
   • Nadine Bruck (nadine.bruck@uy.ey.com)
Latin American Business Center, New York
   • Ana Mingramm (ana.mingramm@ey.com)
   • Enrique Perez Grovas (enrique.perezgrovas@ey.com)
   • Pablo Wejcman (pablo.wejcman@ey.com)
 

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