October 14, 2021 Uruguay extends COVID-19 tax relief measures for certain taxpayers to October 31, 2021 Law No. 19,989 extends to October 31, 2021, the corporate income tax and net wealth tax exemptions, originally enacted through Law No. 19,956. On October 1, 2021, Uruguay enacted Law No. 19,989, which extends the exemptions for corporate income tax and net wealth tax advanced payments to October 31, 2021. The law will go into effect 10 days after its publication date in the Official Gazette (October 1, 2021). For details on the previous extension, see Tax Alert 2021-1426. The exemptions were originally enacted as part of the COVID-19 relief measures in Law No. 19,956 (see Tax Alert 2021-1293). The exemptions applied to advanced payments of corporate income tax and net wealth tax accrued from January through June 2021. Under Law No. 19,989, the exemptions will apply to corporate income tax and net wealth tax advanced payments accrued from July to October 2021. The extension applies to the following taxpayers:
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