Uruguay’s Executive Power has issued Decree No. 163/020, establishing additional conditions under which individuals may claim tax residence based on their economic interests in Uruguay.
Background
Individuals generally may claim tax residence in Uruguay based on their economic interests in Uruguay if they satisfy one of the following conditions:
(i) Have an investment in real estate with a value greater than 15,000,000 Indexed Units (IU) (currently, 1 IU is equal to approximately US$0.11)
(ii) Have …