Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

April 27, 2020
2020-5645

Uruguayan tax authorities extend return filing and tax payment deadlines due to COVID-19

On 20 and 21 April 2020, Uruguay’s tax authorities issued Resolution Nos. 707/020 and 718/020, extending the deadlines for filing tax returns and paying taxes.

Under the resolutions, all taxpayers, except those included in the large taxpayer’s group, may pay the corporate income tax (CIT), net wealth tax (NWT), corporation control tax (CCT) and notional dividends, based on the amount of their taxable income. The following payment schedules apply:

Tax year ended 31 December 2019:

More than
To
Terms and conditions for paying the tax

Indexed Unit (IU) 0

IU 2,000,000

Two monthly, equal and consecutive installments with the first one due in May 2020

IU 2,000,000

IU 6,000,000

The entire amount paid in May 2020

IU 6,000,000

 

Two monthly, equal and consecutive installments with the first one due in April 2020

Tax year ended 31 January 2020:

More than
To
Terms and conditions for paying the tax

IU 0

IU 2,000,000

Two monthly, equal and consecutive installments with the first one due in June 2020

IU 2,000,000

IU 6,000,000

The entire amount paid in June 2020

IU 6,000,000

 

Two monthly, equal and consecutive installments with the first one due in May 2020

Tax year ended 29 February 2020:

More than
To
Terms and conditions for paying the tax

IU 0

IU 2,000,000

Two monthly, equal and consecutive installments with the first one due in July 2020

IU 2,000,000

IU 6,000,000

The entire amount paid in July 2020

IU 6,000,000

 

Two monthly, equal and consecutive installments with the first one due in June 2020

The value of the IU at the end of the corresponding tax year must be considered in determining the amount of income. Currently, 1 Indexed Unit is approximately UYU4.5.

The due date for filing CIT, NWT, value-added tax, CCT and notional dividends returns for taxpayers with tax years ending 31 December 2019, is extended from April 2020 to May 2020. The exact due date is dependent on the taxpayer’s size – large, medium or small.

For taxpayers in the large and medium taxpayers’ groups that have to file returns and make tax payments in April, the due date is extended from 22 April 2020 to 27 April 2020.

For small taxpayers that have to file returns and make tax payments in April, the due date is extended from 27 April 2020 to 28 April 2020.

______________________________________________________________________________________________________________

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

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2024, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.

 


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or ey.com. Please refer to the privacy notice/policy on these sites for more information.


Yes, I accept         Find out more