Uruguay transfer pricing documentation guide
March 06, 2008
Carlos Borba, Gonzalo Lucas and Alejandra Barrancos, of Deloitte in Montevideo, report that transfer pricing law has been introduced but no implementing regulations have been yet published
At the end of 2006, a major tax reform was approved in Uruguay through Act 18.083. One of the several changes consists in providing a legal framework for transfer pricing documentation requirements. Decrees aimed at setting those requirements are expected to be issued in 2008. According to what is established in the Act, transactions carried out between related individuals or entities must adhere to the market’s usual practices between independent parties.
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