Uruguay: VAT and income determinations

Uruguay: VAT and income determinations

The tax authority (DGI) issued guidance addressing the effects of an incorrect income determination in relation to a value added tax (VAT) settlement.

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Consultation No. 5,972 concerns income that may be apportioned to indirect taxes. Taxpayers may periodically correct VAT errors prior to such errors being detected on an examination by the tax authorities.

 

Read a September 2016 report (Spanish) prepared by the KPMG member firm in Uruguay: ¿No está perdiendo IVA indirecto deducible?

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