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Uruguay Issues Criteria for Low/No Tax Jurisdictions and Regimes and Clarifies Withholding Tax on Deemed Notional Dividends

|Approved Changes|Uruguay
Uruguay

On 13 February 2017, Uruguay’s Ministry of Economy and Finance issued a decree setting out the criteria for low or no tax jurisdictions and tax regimes. The criteria include:

  • Income from activities performed, goods located, or rights economically used in Uruguay are taxed at an effective rate lower than 12% in such jurisdiction or under such regime; and
  • There is no tax information exchange agr…

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