Under certain circumstances, corporate income taxpayers may choose not to compute goodwill in restructurings.
On 28 February 2020, Uruguay’s Executive Power issued a decree modifying Decree No. 150/2007, by adding a new article on corporate restructurings conducted through mergers or spin-offs. The new article allows taxpayers to not compute the goodwill in those transactions if the following conditions are met:
- The “final owners” of the surviving company must be the same as the “final owners…