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Uruguay

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Tax authorities

Direccion General Impositiva
Av. Daniel Fernández Crespo 1534, Montevideo, Uruguay
Tel: + 598 21344
Website: www.dgi.gub.uy/wdgi/hgxpp001

Tax rates at a glance

(As of September 8 2011) 

Corporate Income Tax 25%
Capital Gains Tax 25%
Branch Tax 25%
 
Withholding Tax
Dividends 7%
Interest 12%
Royalties 12%
Equipment Rent 12%
Technical Assistance Payments and Service Fees 12%
Branch Remittance Tax 7%
 
Net Operating Losses (Years)
Carryback 0
Carryforward 5
  • Withholding tax on dividends, interest, royalties, equipment rent, technical assistance payments and service fees applies to nonresidents. Nonresident corporations are corporations not incorporated in Uruguay.

Source: Ernst & Young

Tax

Ferrere is one of the largest tax and legal services firm in Uruguay and its tax practice group is recognised as "a market leader" by every major competitor. The group's combination of legal and tax professionals are among the firm's biggest assets. ... [more]

The Guyer & Regules's tax team is made up of accountants and lawyers that provide transactional tax advice. The tax practice is also active in transfer pricing and tax litigation. Juan Manuel Albacete heads the tax group and is recommended for his work ... [more]

PwC

PwC partner Daniel García has advised on transactions worth more than $1 billion in the past year. María José Santos is frequently mentioned by peers as a top transfer pricing specialist. Partner José Luis Shaw is well known for his capital markets and ... [more]

Deloitte's transfer pricing expertise is widely acknowledged in the Uruguayan market. Partner and head of the practice Carlos Borba leads a team of 51 transfer pricing specialists. In the past year the tax team has advised the dairy, automobile and forestry ... [more]

Estudio Bergstein, which has worked in association with Baker & McKenzie for more than three years, has a small tax practice that advises clients on direct and indirect taxes, including tax planning and structuring. The team of four is led by partner ... [more]

KPMG's tax group has a "strong team" of accountants according to peers. Alicia Seijas is commended for her corporate tax advice. Alejandro Horjales is said to be a "transfer pricing expert", by many tax specialists.

Ernst & Young advises some of the top companies in Uruguay. Luis Montone is tax managing partner. He is also a transfer pricing specialist.

Estudio Kaplan's tax practice focuses on advising clients from the wholesale, transportation, agriculture, finance, and pharmaceutical industries in particular. Founder Alfredo Kaplan leads a team of five, comprised of one accountant and four international ... [more]

Since 1990, Montaldo & Asociados' 31 professionals have been a part of the RSM International network, which has a presence in 80 countries. Founding partner Oscar Montaldo is the president of the Inter-American Accounting Association and is well known ... [more]

Posadas Posadas & Vecino's is another firm that has team includes lawyers and accountants in its tax practice. Founding partner Ignacio de Posadas Montero is widely recommended by clients for his cross-border structuring skills. Daniel González Cotel, ... [more]

Founding partner Félix Abadi Pilos of Rueda Abadi & Pereira has broad experience of advising on foreign investments. He is the head professor of tax at ORT University of Uruguay. In 2010 the firm was hired by the Secretaria del MERCOSUR , the counsel ... [more]

See also

Uruguay
Latin America

Firm contact details