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11 February 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:
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
Document ID: 2021-5176 | ||||||||||||||||||||||||||||||||||||||||
