Uruguay MOF Submits 2025-2029 Budget Bill

The Uruguayan Ministry of Economy and Finance Aug. 31 submitted to Parliament the 2025-2029 budget bill. The bill includes measures to: 1) create a Domestic Complementary Minimum Tax to localize the collection of certain corporate taxes; 2) eliminate the exemption for dividend and profit distributions made by Uruguayan companies to nonresident shareholders or partners, if a tax credit is granted for tax paid in Uruguay; 3) provide individual income tax (IRPF) deductions for qualified taxpayers in the process of adopting minors; 4) expand IRPF to capital gains from investment assets located abroad, including from real estate; 5) implement an anti-abuse ...