Multinational enterprises (“MNEs”) with premises/operations in Uruguay and with a worldwide gross income in excess of EUR 750 million per year, must submit to Uruguay's Tax Office a Country-by-Country report (“the CbC report”) to be prepared along the OECD guidelines. Such report must contain detailed information on the branches and other MNE related entities around the world.
Those MNEs whose fiscal period finalizes on 31 December 2019, will have time until such a date to file --with the Tax Office-- the CbC Report corresponding to the year 2018.
However, and even where the above annual threshold is met by the group, MNEs will not be required to submit the 2018 CbC Report insofar as they have submitted --with Uruguay’s Tax Office-- a sworn statement communicating that such Report will be filed in another jurisdiction which has information exchange agreement (in force) with Uruguay.
MNEs are also required to submit --by 31 December 2019-- a sworn statement informing the Tax Office the jurisdiction where the CbC Report (corresponding to the year 2019) will be filed next year.
The above communication has been prepared just for information purposes. It cannot be construed as legal advice provided by Bergstein Abogados.
Should you have any further questions, please feel free to contact Guzman Ramírez (gramirez@bergsteinlaw.com) and/or Sebastian Guido (sguido@bergsteinlaw.com).
