December 15, 2022
Uruguay’s Government enacts law to modify Uruguayan CIT source criteria
On 16 November 2022, the Uruguayan Parliament approved law 20,095, which introduces certain changes to the traditional source criteria for CIT. The changes initially proposed in the bill presented on 6 October 2022 were sustained (see EY Global Tax Alert, Uruguayan Government submits bill to Parliament to modify Uruguayan CIT source criteria, dated 12 October 2022).
The Law was published by the Official Gazette on 7 December 2022 and will be effective as of 1 January 2023. Its publication can be accessed here (pdf).
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