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  • Writer's pictureAlexander Schek

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.


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