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March 5, 2020 Uruguay will allow taxpayers to choose not to compute goodwill in certain restructurings Under certain circumstances, corporate income taxpayers may choose not to compute goodwill in restructurings. On 28 February 2020, Uruguay’s Executive Power issued a decree modifying Decree No. 150/2007, by adding a new article on corporate restructurings conducted through mergers or spin-offs. The new article allows taxpayers to not compute the goodwill in those transactions if the following conditions are met:
For additional information with respect to this Alert, please contact the following: Ernst & Young Uruguay, Montevideo
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin America Tax Desk, Japan & Asia Pacific
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