Uruguayan Tax Office informs 31 January deadline to communicate compliance with 'Tax Holiday' regime requirements

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EY Global
4 Jan 2024
Subject Tax Alert
Categories Individual taxation
Jurisdictions Uruguay

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  • Individuals who opted for the "tax holiday" regime must inform the Tax Authorities no later than 31 January 2024 that the conditions for fiscal year 2023 have been fulfilled.
  

According to the Resolution No. 898/021, taxpayers who have opted to extend the Tax Holiday regime (see EY Global Tax Alert, Uruguay modifies "tax holiday" regime, dated 11 February 2021), must inform the Tax Authorities by 31 January 2024 that the conditions for fiscal year 2023 have been fulfilled.

For these purposes, taxpayers must send an email to "fiscint@dgi.gub.uy" explaining that:

  1. The condition of 60 days of physical presence in the country during the 2023 calendar year was met (documentation from the National Directorate of Migration (NDM) showing immigration movements must be attached). If the NDM granted a request number to the taxpayer, the taxpayer should provide the request number to the Tax Authority.
  2. As of 22 January 2021, the individual acquired immovable property with an updated tax cost exceeding UI 3.5m (approximate US$526,650); a notarial certificate must be attached providing this information, identifying the property number, unit, department and locality, acquisition means, date and price of acquisition, and confirming that the property was still owned by the individual on 31 December 2023.

Resolution No. 898/021 was published in the Official Gazette on 2 June 2021 and became effective on the publication date. It can be accessed here (only in Spanish).

 

Contact Information

For additional information concerning this Alert, please contact:

EY Uruguay, Montevideo
  • Rodrigo Barrios
  • María Inés Eibe
  • Piero de los Santos
  • Lucia Giagnacovo
Ernst & Young LLP (United States), Latin American Business Center, New York
  • Lucas Moreno
  • Ana Mingramm | ana.mingramm@ey.com
  • Pablo Wejcman | pablo.wejcman@ey.com
  • Enrique Perez Grovas | enrique.perezgrovas@ey.com
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
  • Raul Moreno, Tokyo
  • Luis Coronado, Singapore

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.