• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 10/2/2013

Uruguay - Inventory vs. capital assets (plastic containers for transport) 

October 2: Uruguay’s tax administration issued guidance addressing whether plastic containers used to transport, store, and deliver the taxpayer’s product were inventory or capital assets.


A company requested guidance from the tax authorities concerning the tax treatment of plastic containers / crates used solely to handle, transport, store, and deliver their main product (in this situation, milk).

Under current regulations, goods that are delivered along with the main product are considered to be inventory for tax purposes.


The tax authorities in Consulta N° 5.733 clarified that the plastic containers delivered to the taxpayer’s customers along with the taxpayer’s product (milk) are considered to be capital assets if the plastic containers are (1) used to facilitate transport, storage and delivery, (2) are not purchased, and (3) can be used for more than one year.

Read a September 2013 report (Spanish) [PDF 63 KB] prepared by the KPMG member firm in Uruguay: Tratamiento fiscal de los envases

©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.


Share this

Share this


Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)

Already a Subscriber? Login

Not a member? Subscribe now