URUGUAY: NON-RESIDENT & FOREIGN PASSIVE INCOME TAX REGULATIONS
Uruguay takes a major step toward the taxation of offshore structures and foreign passive income. Through Decree No. 95/026, the Uruguayan Government has introduced the long-awaited regulatory framework implementing the amendments enacted by Law No. 20,446, substantially expanding the IRPF regime applicable to foreign-source income obtained through non-resident entities and investment structures. This is not … Continued