Through Decree No. 293/020, Uruguay’s Executive Power suspended personal income tax (PIT) withholding and nonresident income tax (NRIT) withholding on temporary leases of real estate for tourism purposes until 30 April 2021.BackgroundUruguay’s Executive Power previously issued decrees that suspended the withholding tax obligations applicable to temporary leasing contracts for tourism purposes until 30 April 2020.Decree 293/020The decree suspends PIT and NRIT withholding tax obligations from 4 November 2020, to 30 April 2021, for temporary leases of real estate for tourism purposes. The suspension applies to corporate income taxpayers and entities that collect lease payments for properties leased for no more...