Uruguay Tax Agency Issues Resolution on Penalties Regarding Late, Missing Audit Reports for Large Taxpayers

The Uruguayan General Directorate of Taxation Jan. 15 issued Resolution No. 98/026, on penalties regarding the late submission or non-submission of audit reports by taxpayers included in the Large Taxpayers Division for income tax on economic activities and net worth tax. The resolution includes measures to: 1) impose a fine of 6,610 Uruguayan pesos (US$173) for audit reports submitted within five working days after the established deadline; 2) impose a fine of 13,220 pesos (US$346) for audit reports submitted more than five working days after the established deadline and within sixty days thereafter; and 3) specify that the late submission ...