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Uruguay Delays Effective Date for Tax Payment Methods Requirements

11 June 2015

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Approved Changes

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Uruguay

Uruguay has delayed the effective date for new tax and social security payment method requirements from 1 June 2015 to 1 January 2016. The requirements are included under the Financial Inclusion Law (2014), which was enacted to promote the use of electronic payments methods in Uruguay. Under the law, such payments must be made electronically using debit/credit cards, electronic funds transfers and other electronic means, or through credit certificates issued by the tax administration or non-transferable checks.