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11 February 2021

Uruguay’s Executive Power suspends withholding tax obligations for temporary leases of real estate for tourism purposes

Through Decree No. 293/020, Uruguay’s Executive Power suspended personal income tax (PIT) withholding and nonresident income tax (NRIT) withholding on temporary leases of real estate for tourism purposes until 30 April 2021.

Background

Uruguay’s Executive Power previously issued decrees that suspended the withholding tax obligations applicable to temporary leasing contracts for tourism purposes until 30 April 2020.

Decree 293/020

The decree suspends PIT and NRIT withholding tax obligations from 4 November 2020, to 30 April 2021, for temporary leases of real estate for tourism purposes. The suspension applies to corporate income taxpayers and entities that collect lease payments for properties leased for no more than 31 days.

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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

Document ID: 2021-5177

 
 

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