taxnews.ey.comPrint

04 November 2022

Uruguay's Government enacts law for accountability for 2021

  • Uruguay's Parliament approved the national accountability bill for 2021. The proposed tax measures would be effective from 1 January 2023.

On 20 October 2022, the Uruguayan Parliament approved law 20,075, which introduces certain changes to the tax regulations. In general terms, the changes proposed in the bill presented on 30 June 2022 were sustained (see EY Global Tax Alert, Uruguay's Executive Power presents accountability bill for 2021 to Parliament,dated 18 July 2022 for details).

In addition, the comprehensive list of institutions included as beneficiaries for the Corporate Income Tax special donations regime has been updated.

The Law was published by the Official Gazette on 3 November 2022 and will be effective as of 1 January 2023. Its publication can be accessed here.

———————————————
CONTACTS

For additional information with respect to this Alert, please contact the following:

EY Uruguay, Montevideo

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

Document ID: 2022-1664

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement