EU upgrades Uruguay's status on tax cooperation
Uruguay has been recognized as a “cooperating jurisdiction without commitments” by the European Union after a series of taxation improvements. EU's Economic and Financial Affairs Council ECOFIN)
This is an improvement from the previous qualification showing Uruguay as “transparent and reliable before the international community".
Uruguay fulfilled its commitments to the European Union and thus consolidated its position as a cooperating jurisdiction.
It is expected that this new positive status will benefit the investment and trade of EU countries to Uruguay.