This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
Authorities in Uruguay have introduced a number of resolutions to mitigate the impact of the COVID-19 pandemic. These include:
Tax due dates
Various resolutions have extended tax due dates during the year 2020. The last one in force was Resolution 1898/020 of the General Tax Directorate, which extends the due dates of business income tax advances, Wealth Tax and Tax Control of the Public Limited Companies, from the month of September 2020, which may be paid in the month of December, for certain companies whose sales, services and other gross income from the previous year had generated taxable income for an amount that does not exceed the UI 6,000,000. It does not include Large Taxpayers
Updating of criteria in the investment promotion regime
By Decree No. 268/020 of September 30, 2020, it updates the criteria for investment promotion within the framework of Law No. 16,906 (Investment Law), its most salient aspects are: