INTRODUCTION
The Eastern Republic of Uruguay is located in southeastern South America bordering the countries of Argentina and Brazil, and the Atlantic Ocean. The country's economy is based primarily on its export-oriented agricultural sector, international transportation, and telecommunications and information technology. Uruguay is open to foreign investment and does not place restrictions on participation.
Currency is Uruguayan Peso (UYU).
Abbreviations
| APA | Advance Pricing Agreement |
| CFC | Controlled Finance Corporation |
| GAAR | General Anti-Avoidance Rule |
| LLC | Limited Liability Company |
| OECD | Organization for Economic Co-operation and Development |
| PE | Permanent Establishment |
| TP | Transfer Pricing |
| UYU | Uruguayan Peso |
| VAT | Value Added Tax |
| WHT | Withholding Tax |