OrbitaxOrbitax

Uruguay Provides Option for Computing Goodwill in Mergers or Divisions

|Approved Changes|Uruguay
Uruguay

Uruguay has published the Decree of 28 February 2020 from the Ministry of Economy and Finance, which amends the tax regulations for restructuring involving mergers or divisions. In particular, the decree amends Decree No. 150/2007 on Corporate Income Tax by adding Article 18b - Corporate Restructuring, which provides that in a merger or division, taxpayers may opt not to compute goodwill, prov…

Continue Reading