Uruguay approves significant new tax provisions to enhance transparency

April 06, 2017


The Uruguayan Congress recently passed Law 19,484 (Tax Transparency Law), which includes provisions designed to meet international standards on tax transparency. The law includes rules to discourage structures or transactions that involve low-or-no-tax jurisdictions (LNTJs).

Most of these measures took effect on January 1, 2017, and may significantly affect individuals and companies operating in Uruguay with or through LNTJs. The measures include new substantive criteria for defining LNTJs and a new list of LNTJs. 

This Tax Insight addresses the new law’s most important provisions that will have local and international impact.

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John A. Salerno
Latin American Tax Group
Tel: +1 (646) 471 2394

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