Uruguay's government submitted the Budget Bill for 2025-2029 on 31 August 2025, including measures for the introduction of a Pillar 2 Qualified Domestic Minimum Top-Up Tax (QDMTT), referred to in Spanish as the Impuesto Mínimo Complementario Doméstico (IMCD). In line with the Pillar 2 GloBE rules, the IMCD would apply to members of MNE groups with global revenue of at least EUR 750 million in two of the previous four years if the effective tax rate in Uruguay is below 15%. The IMCD would comp…