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