Latin America Corporate Counsel Association (LACCA), an annual publication which gathers corporate counsels of more than 100 of the largest LatAm coorporations, has recognized Jonás Bergstein among the top leading practitioners in Tax Law. The same publication recognized Mr. Bergsetin as one of the top practitioners in corporate and M&A Law.
On 22 May, Ms. Mercedes Nin, Head of our Immigration Department, delivered a lecture on Immigrating to Uruguay: Legal Aspects to Take into Consideration. In July, Ms. Nin will offer a webinar in order to discuss certain aspects related to the same subject-matter. Registration details for the webinar will be provided shortly.
Latin American Corporate Counsel Association (“LACCA”) has published its annual “LACCA Approved”, the guide to private practice law firms which have been recommended by LACCA members. Bergstein was ranked in the forth place.
As part of our monthly lectures agenda, on 17 April we had the honor to receive Mr. Isaac Borojovich, an Holocaust survivor, along with his wife Rachel. Mr. Borojovich narrated his experiences at different ghettos until he was released from Bergen Belsen concentration camp. The included UK Ambassador Mr. Ian Duddy. Mr. Duddy’s grandfather was enrolled with the allied troops which liberated Bergen Belsen camp on 15 April 1945.
Multinational enterprises (“MNEs”) with premises or operations in Uruguay must submit to the Tax Office a Country-by-Country report (“the CbC report”) along the OECD guidelines. Such report must contain detailed information on the branches and other MNE related entities around the world. Due date is 31 March 2019.
The obligation to submit the CbC report applies to those MNEs with an annual worldwide gross income in excess of EUR 750 million. Even where such annual threshold is met by the group, MNEs are required to submit the Country-by-Country report only where such report is not filed in any other jurisdiction which has tax information exchange agreement (in force) with Uruguay (“TIEA”).
Where the CbC report is filed by the MNE in other jurisdiction (and where there is a TIEA in place with Uruguay), MNEs are still required to submit --with Uruguay’s Tax Office-- a sworn statement, in order to identify: (a) the foreign entity responsible for the filing of the CbC report on behalf of the MNE group, (b) the controlling entity of the MNE group, and (c) the name of other entities of the MNE group in Uruguay, if any.
Bergstein transfer pricing practice team assists multinational companies in the filing of the above information.