Economy and Business > tributes
With the turn of the year, a series of tax changes contained in a regulatory decree began to apply.
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January 6, 2023 at 05:02
With the turn of the year, a series of tax changes. Although the government issued a regulatory decree with these changes, there are still doubts about their application and aspects pending regulation, to which he referred Ana Méndez, Legal & Tax partner at Deloitte.
One of the highlights in tax matters for the coming year “is the inclusion in the definition of Uruguayan source for certain passive income obtained abroad by IRAE taxpayers that do not meet the requirements of a qualified entity, or of qualified assets in the case of intangibles. This modification applies exclusively to those entities that make up a multinational economic group,” Méndez explained to The Observer.
On the other hand, they began to govern new rates for IRPF and IRNR on income from movable capital. Regarding this, the accountant indicated that these rates had been modified by the Accountability Law, “with the purpose of benefiting investments in pesos in the longer term.”
Finally, he highlighted the modifications in what has to do with Investment projects. Last December COMAP issued a new version of the basic performance criteria with several modifications. On this subject, Méndez said the most significant thing is the limitation to the extensions to the projects presented after December 19.
“Before, expansions of up to 30% of the investment could be presented without requiring additional positive externalities, now this limit drops to 10% of the eligible investment. Before, between 30% and 50% of expansion required an increase in the indicators, now this threshold is between 10% and 30%. Now investments above 30% must be presented in a new project, when before this limit was 50%,” he said.
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