• Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 8/22/2013

Uruguay - Reminder of transfer pricing report due September 2013 

August 22: Uruguay’s tax administration (Dirección General Impositiva— DGI) requires taxpayers subject to the transfer pricing regulations and having certain related-party transactions to submit an annual report. The transfer pricing report is due by the ninth month prior to the close of tax year—i.e., September.

Among taxpayers subject to the transfer pricing report rules are:

  • Corporate taxpayers having transactions with certain foreign related entities
  • Taxpayers receiving income from certain services for transactions with certain foreign related entities
  • Taxpayers having transactions with foreign entities located in "tax haven" jurisdictions (including free trade zones)

According to a 2009 resolution (Resolución 1084/009), the information to be supplied includes an affidavit, a transfer pricing study, and accounting statements of transfer pricing transactions. Reporting is generally required with respect to transactions having a valuation of U.S. $6 million or more.

Taxpayers subject to the transfer pricing reporting rules must retain the information and have it ready to be provided to the DGI if requested.

Read an August 2013 report (Spanish) [PDF 65 KB] prepared by the KPMG member firm in Uruguay: Precios de Transferencia – Principales disposiciones

Contact a tax professional with KPMG's Global Transfer Pricing Services.

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