Sponsored Q&A: Deloitte

Posted on |
Sponsored Q&A: Deloitte

1. What are the key regulatory requirements and compliance challenges that law firms operating in Uruguay’s banking and finance sector currently face?

Capital Markets Act No 18.627 enacts the framework for companies operating in the Uruguayan Capital Market (issuers, brokers, investment advisers, etc); Law No 15.322 regulates the same for banks and all relevant entities acting as financial intermediators; Law No 16.426 regulates insurance and reinsurance framework (as well as Law No 19.678 that sets certain terms and conditions that shall be stipulated in the insurance agreements/policies); Laws No 16.713 regulates the Pension Funds Administrators (law that has been recently modified by Law No 20.130, that modified the Uruguayan pension regime); Law 16.774 rules mutual funds; and Law 19.210 and 18.573 regulates the payment system. Continue reading “Sponsored Q&A: Deloitte”

Sponsored Q&A: Deloitte Legal

Posted on |
Sponsored Q&A: Deloitte Legal

1. What are the main tax laws and regulations that businesses and individuals need to comply with in Uruguay?

Main Uruguayan tax laws are comprised within the Tax Law Code and the Tax Office Compilation, where are defined and regulated the main applicable taxes for businesses and individuals. In this sense, such compilation comprehends the corporate income tax, resident income tax, non-resident income tax, value added tax (VAT) and the net worth tax. Continue reading “Sponsored Q&A: Deloitte Legal”