Global

Details

  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 5/31/2012

Uruguay - Tax rules for corporate charitable donations; price index for sales of rural property 

May 31:   Uruguay’s economy and finance ministry (Ministerio de Economía y Finanzas) issued a decree regarding “charitable donations” (donaciones especiales) made by corporations.

The decree (in Spanish) establishes procedures for corporate taxpayers (contribuyentes de Impuesto a Las Rentas de Las Actividades Económicas—IRAE) to follow to be eligible for tax benefits from their charitable donations, and also sets forth the qualifications and requirements for projects receiving such donations.


Sales of rural property

The ministry also issued guidance for determining the price index (Índice Medio de Incremento de los Precios de Venta de los Inmuebles Rurales—IMPVIR) with respect to corporate taxpayers (IRAE) and individual income taxpayers (Impuesto a las Rentas de Personas Físicas) on the sale price of rural property for the period ending 31 March 2012.


To read a May 2012 report, prepared by the KPMG member firm in Uruguay: Monitor Semanal - Tributario y Legal (PDF 135 KB)




©2012 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 go-fmtaxnewsflash@kpmg.com.
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

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


Already a Subscriber? Login


Not a member? Subscribe now

Contact us