Uruguay’s Executive Power suspends withholding tax obligations for temporary leases of real estate for tourism purposes

Through Decree No. 293/020, Uruguay’s Executive Power suspended personal income tax (PIT) withholding and nonresident income tax (NRIT) withholding on temporary leases of real estate for tourism purposes until 30 April 2021.

Background

Uruguay’s Executive Power previously issued decrees that suspended the withholding tax obligations applicable to temporary leasing contracts for tourism purposes until 30 April 2020.

Decree 293/020

The decree suspends PIT and NRIT withholding tax obligations from 4 No…