INTERNATIONAL NETWORK OF LAW AND CONSULTING FIRMS
Ecofin concluded that Uruguay has complied with all commitments made with the European Union, having demonstrated its willingness to cooperate on issues of good tax governance. The changes introduced, both at a legal and regulatory level, are aimed to strengthen the source principle for business income.
One of the main changes refers to passive income, which would now be taxed by IRAE if they did not meet certain conditions established in the regulations, and which is of special interest for holding companies.
A recent foreboding report by the UN’s Intergovernmental Panel on Climate Change offers warnings to policy makers and others about dire consequences that have and will continue to arise due to rapid climate change.
On December 22, the StartUps Law, for the promotion of the ecosystem of emerging companies, was published in Spain This regulation aims to facilitate startups' access to financial resources, promote innovation and encourage job creation.
The Order that will establish the regulatory bases for calls to the Incentive Program for electricity and heat production facilities from renewable energies in substitution of production from fossil fuels, and also the Resolution of the first call.
