Through Resolution No. 2440/2020 (dated 22 December 2020), the Uruguayan tax authorities updated the list of low-or no-taxation (LONT) countries, which applies for income taxes (corporate, personal and nonresident), net wealth tax, and the transfer pricing regime (see EY Global Tax Alert, Uruguay’s tax authorities update list of low-or no-taxation countries and jurisdictions and align it with the transfer pricing list, dated 3 February 2020).
The updated LONT list includes 39 countries and went …