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Uruguay Introduces New Rules for the Taxation of Certain Foreign Passive Income to Meet EU Commitments

|Approved Changes|Uruguay
Uruguay

Uruguay has published Law 20.095 in the Official Gazette, which contains measures to comply with commitments made with the European Union in July 2021 to address a potentially harmful preferential tax regime identified by the Forum on Harmful Tax Practices. Due to the potentially harmful regime, Uruguay was added to the EU's non-cooperative jurisdictions grey list (Annex II), with a commitment…

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