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Uruguay Provides Deadline Extensions for Annual Tax Payment and Returns in Response to COVID-19

07 May 2020

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Approved Changes

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Uruguay

Uruguay's Directorate General of Taxation (DGI) has published Resolution 707/2020 of 20 April 2020, which provides deadline extensions for annual tax payment and returns in response to the COVID-19 pandemic. This includes that taxpayers, except those managed by the Large Taxpayers Division, are allowed to pay annual corporate income tax (IRAE), wealth tax (IP), and capital duty (ICOSA) based on the following schedules according to their gross income in indexed units (UI) for the year: For the fiscal year ending 31 December 2019: up to UI 2 million - in two equal installments beginning in May 2020 UI 2 million...