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Uruguay’s Ministry of Economy and Finance issues decree regulating law that modifies Uruguayan CIT source criteria

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Uruguay

  • The Ministry of Economy and Finance issued a decree regulating the law that modifies the traditional source criteria for Corporate Income Tax (CIT) to comply with European Union (EU) requirements. The decree will become effective for fiscal years beginning as of 1 January 2023.

On 14 December 2022, the Uruguayan President signed a regulatory decree for the changes included on law 20,095, which intr…

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