URY Tax Obligations, Tax Credits

On Apr. 17, URY Tax modified rules on tax credits receipts and notices.

  • URY Tax issued Resolution 821/024 regarding modifications of obligations for receipts and notices of tax credits to taxpayers, consequently adjusting related resolutions.
  • Background
  • Regulates reduction of Value Added Tax in operations with certain means of payment.
  • Decree 206/019 grants a tax credit to taxpayers with lower economic capacity.
  • Taxpayers who pay for electronic billing solution services under certain conditions.
  • Resolutions 12/2006, 1915/2012, 2848/2012, 2552/2014 and 3738/2019 established the manner, in which tax credits to other taxpayers must be communicated.
  • Resolutions 688/1992, 135/2003, 798/2012 established standards re documentation.
  • Highlights
  • Receipts issued by collection agents, withholding agents and those responsible for third-party tax obligations, as well as by those who must communicate tax credits.
  • Must have a box no less than 6 centimeters long divided into two lines, the upper line must contain the RUT mention and the lower line must not be less than 1 cm wide.
  • It will be applicable in regulations re communication of tax credits to other taxpayers.
  • The communication of tax credits will be carried out exclusively through receipts.
  • The e-Resguardo is an electronic tax receipt for tax withholdings and collections.
  • The issuing of electronic tax receipts is not required when withholdings must be included in documentation that supports operation and shall appear in the CFE.
  • Nor will the issuance be required when receipts appear in CFE that supports operation.
  • Effectiveness
  • As of Aug. 1, 2024, communication of tax credits will be exclusively through receipts.

Regulators URY Tax
Entity Types Auditor; Corp
Reference Res 821/024, 4/17/2024
Functions Accounting; Financial; Reporting; Tax; Treasury
Countries Uruguay
Products Corporate; Equity
Regions Am
Rule Type Final
Rule Date 4/17/2024
Effective Date 8/1/2024
Rule Id 209055
Linked to N/A
Reg. Last Update 4/17/2024
Report Section International

Last substantive update on 04/22/2024