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

January 4, 2024
2024-0117

Uruguayan Tax Office informs 31 January deadline to communicate compliance with 'Tax Holiday' regime requirements

  • Individuals who opted for the "tax holiday" regime must inform the Tax Authorities no later than 31 January 2024 that the conditions for fiscal year 2023 have been fulfilled.
 

According to the Resolution No. 898/021, taxpayers who have opted to extend the Tax Holiday regime (see EY Global Tax Alert, Uruguay modifies "tax holiday" regime, dated 11 February 2021), must inform the Tax Authorities by 31 January 2024 that the conditions for fiscal year 2023 have been fulfilled.

For these purposes, taxpayers must send an email to "fiscint@dgi.gub.uy" explaining that:

  1. The condition of 60 days of physical presence in the country during the 2023 calendar year was met (documentation from the National Directorate of Migration (NDM) showing immigration movements must be attached). If the NDM granted a request number to the taxpayer, the taxpayer should provide the request number to the Tax Authority.
  2. As of 22 January 2021, the individual acquired immovable property with an updated tax cost exceeding UI 3.5m (approximate US$526,650); a notarial certificate must be attached providing this information, identifying the property number, unit, department and locality, acquisition means, date and price of acquisition, and confirming that the property was still owned by the individual on 31 December 2023.

Resolution No. 898/021 was published in the Official Gazette on 2 June 2021 and became effective on the publication date. It can be accessed here (only in Spanish).

* * * * * * * * * *
Contact Information

For additional information concerning this Alert, please contact:

EY 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 American Business Center, Japan & Asia Pacific

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor
 
 

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