Uruguay Replaces QDMTT Exemption with Compensation Mechanism for Entities Covered by Fiscal Stability Clauses

Uruguay has published Decree No. 206/026 of 31 August 2026, replacing the exemption from the Pillar 2 Qualified Domestic Minimum Top-Up Tax (QDMTT), referred to in Spanish as the Impuesto Mínimo Complementario Doméstico (IMCD), that was provided through Decree No. 325/025 for entities covered by fiscal stability clauses. As previously reported, the IMCD was introduced as part of Uruguay's National Budget for 2025-2029 and applies from fiscal years ending on or after 31 December 2025. Decree…