Uruguay
Overview of CbC reporting requirements
Uruguay has implemented the BEPS Action 13 (CbC reporting) minimum standard with one recommendation for improvement.
First reporting fiscal year: Commencing on or after 1 January 2017
Consolidated group revenue threshold: EUR 750 million
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
It is recommended that Uruguay amend the conditions for local filing or otherwise take steps to ensure that local filing can only be required in the circumstances contained in the terms of reference. This recommendation remains in place since the 2017/2018 peer review.1
The exchange of information framework
Uruguay confirms that its rules have not changed and continue to be applied effectively. Uruguay continues to meet all terms of reference.
Appropriate use of CbC reports
Uruguay confirms that its rules have not changed and continue to be applied effectively. Uruguay continues to meet all terms of reference. This recommendation remains in place from the 2017/2018 peer review.
Note
← 1. Uruguay’s 2017/2018 peer review included a monitoring point relating to the absence of processes in place to take appropriate measures in case Uruguay is notified by another jurisdiction that an error may have led to incorrect or incomplete information reporting by a Reporting Entity or that there is noncompliance of a Reporting Entity with respect to its obligation to file a CbC report. This monitoring point remains in place.