February 11, 2021
Uruguay modifies when goodwill is not considered in corporate restructurings
Taxpayers will not have to consider goodwill in corporate restructurings if certain requirements are met.
In Decree No. 21/021, Uruguay's Executive Power modifies the requirements taxpayers must meet to not consider goodwill in mergers or spin-offs that are part of a corporate restructuring.
The decree modified the requirements companies must meet to not consider goodwill for tax purposes in corporate restructurings. Under the decree, goodwill will not be considered if:
The decree went into effect January 22, 2021.