Sore Throatred Spots On The Roof Of My Mouth

expand the exchange of tax information. Deposits abroad

The intensification of the globalization process that has occurred in recent years which is expected to increase in the future, and the new strategy of international integration has decided to follow.

Uruguay, determined that the country adopts new tax rules.

They involve a greater exchange of information with other nations, an extension of the tax base of income tax and implementation of controls related to transfer pricing.

"The exchange of tax information between countries is a reality that has been installed and is not going to go," said the head of the Directorate General of Taxation (DGI), Paul Ferreri, who participated in a conference which analyzed the new tax scenario in Uruguay, organized by the CPA consultant Ferrero.

also Ferreri noted that trade relations between countries
will continue to grow in the future and, therefore, "the exchange of information also will deepen."

The chief said the new commercial reality of the twenty-first century, characterized by increased movement of tangible goods and capital, and the strong increase in sales of services, led to the tax administrations to provide global greater attention to international transactions for possible tax evasion. In addition, two events, the attack on the Twin Towers and the economic crisis 2008, led to both enhance controls to combat money laundering and financing terrorist groups.

Uruguay has not escaped this global trend, said the owner of the
DGI, which is also in line with the new strategy of global integration of the country that believes in "transparency."

Furthermore, Ferreri said that was established in the orbit of the DGI a special unit that handles the exchange of tax information, composed of trained professionals, both locally and abroad, and has resources technology that allow adequately meets its objectives.

"To effective exchange is necessary to have administrative rules and standardized procedures, "Ferreri said, adding:" Hopefully one day we have ISO standards for the procedures of tax administration. "

During the conference, the director of the CPA Tax Department Ferrere Javier Metre, referred to the inclusion of the income generated abroad in the calculation of income tax settlement, while the area manager, Leonardo Isoardi, spoke about the rules associated with transfer pricing.