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ECOFIN removes Uruguay from Annex II list of pending commitments for tax purposes

|Tax Alerts, Legislation & Policy, National/Federal Taxation|Uruguay, European Union
Uruguay, European Union
  • On 14 February 2023, the European Union (EU) announced that Uruguay had recently acquired the status of a "cooperating jurisdiction without commitments assumed."

To be recognized as a cooperative jurisdiction, Uruguay, in prior years, has undertaken different measures to become more aligned with the EU Standards on collaboration between regions.

Specifically, the Economic and Financial Affairs Council of EU (ECOFIN), highlighted the regulatory modifications adopted by Uruguay that comply with a se…

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