Uruguay Gazettes Resolution Clarifying Tax Compliance Rules for Companies

The Uruguayan Official Gazette March 15 published Resolution No. 488/023, clarifying tax compliance rules for companies. The resolution includes measures: 1) clarifying that income from the alienation or economic use of trademarks outside of Uruguay will be considered an Uruguayan source of income for entities that are part of a multinational group; 2) clarifying that income includes earnings from exchange differences, except on the rent of assets and brands; 3) listing the required information to be included in the annual affidavit on qualified income for covered entities; 4) setting deadlines for sworn declarations on income tax from economic activities (IRAE), ...