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February 11, 2021

Uruguayan tax authorities update list of low- or no-taxation countries and jurisdictions

Through Resolution No. 2440/2020 (dated 22 December 2020), the Uruguayan tax authorities updated the list of low-or no-taxation (LONT) countries, which applies for income taxes (corporate, personal and nonresident), net wealth tax, and the transfer pricing regime (see EY Global Tax Alert, Uruguay’s tax authorities update list of low-or no-taxation countries and jurisdictions and align it with the transfer pricing list, dated 3 February 2020).

The updated LONT list includes 39 countries and went into effect 1 January 2021. The only country removed from the previous list is Grenada.

Countries or jurisdictions may be removed from the Uruguayan LONT list when certain conditions are met:

  • The exchange of information on request fully applies.
  • The automatic exchange of information on financial accounts for tax purposes is activated bilaterally by Uruguay's Ministry of Economy and Finance.

The following 39 countries and jurisdictions are on the LONT list:


French Polynesia

Maldives Island

Saint Martin (Former member of the Netherlands Antilles)

Antigua and Barbuda


Saint Pierre and Miquelon



Norfolk Island

Solomon Islands





Christmas Islands


Pacific Islands


Cocos Island (Keeling Island)


Palau Island


Commonwealth of Dominica


Pitcairn Island

Tristan da Cunha



Puerto Rico


Falkland Island


Kingdom of Tonga

US Virgin Islands

Fiji Island


Saint Helena Island




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 Abogados, Latin American Business Center, Madrid
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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