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…