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Cyprus is Europe’s most attractive tax regime, survey finds 20-04-2009
Bank secrecy jurisdictions pledge to cooperate on tax data exchange
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Uruguay
Physical Facts |
|
| Population: | 3,494,382 (July 2009 est.) |
| Location: | Southern South America, bordering the South Atlantic Ocean, between Argentina and Brazil |
| Area: | 176,220 sq km |
| Climate: | Warm temperate; freezing temperatures almost unknown |
| Transport | Air, Rail, Road, Waterway |
| International Direct Dialling prefix: | 598 |
| Internet Country Code | .uy |
| Time difference on GMT: | - 2 |
Administrative Facts: |
|
| Status: | Constitutional republic |
| Government: | Bicameral General Assembly or Asamblea General. The Chamber of Senators or Camara de Senadores has 30 seats elected by popular vote for 5 year terms. The Chamber of Representatives or Camara de Representantes has 99 members are elected by popular vote to serve five-year terms. |
| Legal System: | Based on Spanish civil law system. Supreme Court (judges are nominated by the president and elected for 10-year terms by the General Assembly) |
| International Court Jurisdiction: | Accepts compulsory ICJ jurisdiction |
| Language: | Spanish, Portunol, or Brazilero (Portuguese-Spanish mix on the Brazilian frontier) |
| Education system: | Compulsory between ages of 6 and 14. Range of state funded schools and private schools. |
| UK Embassy: | 2nd Floor, 140 Brompton Road London SW3 1HY Tel: 02... Fax: 020 7581 9585 |
Fiscal Facts |
|
| Legal tender & currency: | Uruguayan pesos |
| VAT: | 22% Reduced rate on some basic items such as medicine 10% |
| Sales Tax: | |
| Import duty: | |
| Export duty: | |
| Banking: | Range of national and private banks |
| Annual Government Revenue: | $8.204 billion |
| Annual Government Expenditure: | $8.526 billion (2008 est.) |
| GDP: | 23087 US$ million (world bank 2007) |
| Minimum wage: | 3,416 Uruguayan pesos per month |
| Financial Services Regulation: | Banco Central del Uruguay |
| Financial Services Regulation Contact Details: | Diagonal Fabini 777 C.P. 11100 Montevideo URUGUAY Tel: (59... Fax: (59... Email: info@bcu.gub.uy |
Tax Facts |
|
| General: | |
| Corporate Tax: | 25% |
| Individual – resident: | Capital income taxed at 12%. Work related income taxed progressively - 10 and 25%. |
| Individual – non-resident: | |
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