On 13 February 2017, Uruguay’s Ministry of Economy and Finance issued a decree setting out the criteria for low or no tax jurisdictions and tax regimes. The criteria include:
- Income from activities performed, goods located, or rights economically used in Uruguay are taxed at an effective rate lower than 12% in such jurisdiction or under such regime; and
- There is no tax information exchange agreement or tax treaty with exchange of information provisions with such jurisdiction or there is no e…