In Resolution No. 1251/020 (issued 17 July 2020), the Uruguayan tax authorities extended certain deadlines for making estimated payments of corporate income tax (CIT), net wealth taxes and corporation control taxes.

Extended deadline

The resolution extends to September and October 2020 the deadline for paying CIT, net wealth taxes and corporation control taxes previously due in June and July 2020.

Taxpayers eligible for extension

The extended deadline applies to small- and medium-sized businesses with taxable income of 6 million Indexed Units or less from sales, services and other gross income in 2019. When determining taxable income, eligible taxpayers must consider the IU value at the end of 2019. Currently, 1 IU equals approximately UYU 4.6.

Large taxpayers are not eligible for the extension.

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For additional information with respect to this Alert, please contact the following:

Ernst & Young Uruguay, Montevideo

• Martha Roca | martha.roca@uy.ey.com
• María Inés Eibe | ines.eibe@uy.ey.com
• Nadine Bruck | nadine.bruck@uy.ey.com

Ernst & Young LLP (United States), Latin American Business Center, New York

• Ana Mingramm | ana.mingramm@ey.com
• Pablo Wejcman | pablo.wejcman@ey.com
• Enrique Perez Grovas | enrique.perezgrovas@ey.com

Ernst & Young Abogados, Latin American Business Center, Madrid

• Jaime Vargas | jaime.vargas.c@es.ey.com

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

• Lourdes Libreros | lourdes.libreros@uk.ey.com

Ernst & Young Tax Co., Latin America Tax Desk, Japan & Asia Pacific

• Raul Moreno, Tokyo | raul.moreno@jp.ey.com
• Luis Coronado, Singapore | luis.coronado@sg.ey.com

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