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Uruguay’s Executive Power presents accountability bill for 2021 to Parliament

|Tax Alerts, Legislation & Policy, National/Federal Taxation|Uruguay
Uruguay

  • The bill would reduce tax rates on certain interest income and exempt interest income from nonresident income tax in certain circumstances.

  • Taxpayers should analyze their operations to determine the effect, if any, the bill might have on their business.

On 30 June 2022, Uruguay’s Executive Power presented to the Parliament the national accountability bill for 2021. The proposed tax measures would be effective 1 January 2023.

For individual taxpayers, the bill would reduce the tax rates on interest …

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