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15 October 2021 Uruguay extends COVID-19 tax relief measures for certain taxpayers to 31 October 2021 Law No. 19,989 extends to 31 October 2021, the corporate income tax and net wealth tax exemptions, originally enacted through Law No. 19,956. On 1 October 2021, Uruguay enacted Law No. 19,989, which extends the exemptions for corporate income tax and net wealth tax advanced payments to 31 October 2021. The law will go into effect 10 days after its publication date in the Official Gazette (1 October 2021). For details on the previous extension, see EY Global Tax Alert, Uruguayan Tax Authority extends due dates for certain taxpayers, dated 28 July 2021. The exemptions were originally enacted as part of the COVID-19 relief measures in Law No. 19,956 (see EY Global Tax Alert, Uruguay expands COVID-19 tax relief measures, dated 1 July 2021). The exemptions applied to advanced payments of corporate income tax and net wealth tax accrued from January through June 2021. Under Law No. 19,989, the exemptions will apply to corporate income tax and net wealth tax advanced payments accrued from July to October 2021.
Document ID: 2021-6058 |