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Companies Reduced Economic Dimension. Transition Gradual Tax Regimes

Original Language Title: Empresas Reducida Dimension Economica. Transicion Gradual Regimenes Tributarios

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Legislative Power/ Eastern Republic of Uruguay
Published D.O. 27 JUL/016-Nº 29504

Law No. 19,417

GRADUAL TRANSITION BETWEEN TAX REGIMES

PROVISIONS FOR ENTERPRISES OF REDUCED


ECONOMIC DIMENSION

The Senate and the House of Representatives of the Eastern Republic of Uruguay, meeting in General Assembly,

DECREE:


1.-Add to Article 52 literal E) of Title 4 of the 1996 Ordered Text, the following paragraph:

“To the sole effects of the provisions of this literal, the Executive Branch may be empowered to establish a special arrangement for the calculation of the amount referred to in the first subparagraph, by means of the calculation of a percentage of the revenue arising from operations whose consideration is made by the use of credit cards, debit cards, electronic money instruments or other similar instruments to be established by the regulation ”.

Article 2.-Add to literal A) in item 71 of the No 18.083 of 27 December 2006, the following point:

“To the sole effects of the provisions of this literal, the Executive Branch may be empowered to establish a special arrangement for the calculation of the amounts referred to in the first subparagraph, by means of the calculation of a percentage of the revenue arising from transactions whose consideration is made by the use of credit cards, debit cards, electronic money instruments or other similar instruments to be established by the regulation ”.

Article 3º.-Add to literal A) in item 4º of the Ley Nº 18.874, of 23 December 2011, the following point:

“To the sole effects of the provisions of this literal, the Executive Branch may be empowered to establish a special arrangement for the calculation of the amounts referred to in the first subparagraph, by means of the calculation of a percentage of the revenue arising from transactions whose consideration is made by the use of credit cards, debit cards, electronic money instruments or other similar instruments to be established by the regulation ”.

Chamber of Sessions of the House of Representatives, in Montevideo, on July 6, 2016.

GERARDO YELLOW,
President.
Virginia Ortiz,
Secretary.

MINISTRY OF ECONOMY AND FINANCE

Montevideo, July 15, 2016.

Comply, acknowledge receipt, communicate, publish and insert into the National Register of Laws and Decrees, the Law establishing provisions for enterprises with a reduced economic dimension.

TABARE VAZQUEZ.
DANILO ASTORI.

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Línea del pie de página
Montevideo, Uruguay. Legislative Power.