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Uruguay Senate Considers Bill to Amend Tax Residency Rules

July 7, 2020, 5:00 AM

The Uruguayan Senate June 16 accepted for consideration Bill No. 146555, amending tax residency rules for taxpayers with Uruguayan tax resident status as of 2020. The bill includes measures to: 1) extend the exemption from the individual income tax (IRPF) regime to 10 years from five years for all foreign-sourced income; and 2) provide the taxpayer the option of being taxed at a 7 percent rate under the IRPF regime for the tax year in which the residence is established. [Uruguay, Parliament, 06/16/20]

Reference:
View Legislative History of Bill No. 146555. View Bill No. 146555.

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