Transfer pricing in Uruguay

Transfer pricing in Uruguay at a glance

Regulation Type National regulations
Are there specific transfer pricing regulations? Yes
Submission deadline (N/A)
Submission deadline upon request N/A
Annual update required (No)
Official language requirements Spanish
Potential impact of penalties N/A


Uruguay tax law

Rules for transfer pricing in Uruguay are based upon:

  • Chapter VII Income Tax Act
  • Decree 56/009
  • Decree 329/009
  • Dirección General Impositiva (DGI) resolution 2084/009
  • DGI resolution 2089/009
  • DGI resolution 818/010
  • DGI resolution 819/010
  • DGI resolution 745/011


Rules for transfer pricing in Uruguay are not based on the OECD Transfer Pricing Guidelines and nowhere in the Uruguay tax law a reference to the OECD can be found.


Accepted methods

Accepted methods are:

  • the comparable uncontrolled price method
  • the resale price method
  • the cost plus method
  • the profit split method
  • the transactional net margin method
  • a special method for commodities

Priority of methods

Rules for transfer pricing in Uruguay prescribe that the best method should be used. However, in the case of commodities, the special method should be used.

Documentation requirements

Information that should be included in the documentation:

Those taxpayers who are obliged to prepare documentation should prepare a full transfer pricing study, meaning that the documentation should include an company overview, an industry analysis and an economic analysis. 


Rules for transfer pricing in Uruguay prescribe that all documentation should be submitted in Spanish. 

Requirements to prepare documentation annually

Only for some taxpayers it is obliged to update the documentation annually. Companies with a total amount transactions exceeding USD 50 million are required to prepare documentation and submit it annually. The deadline for these companies is the ninth-month after years-end.

Submission deadline upon request by tax authorities

Not applicable.

Advance Pricing Agreements


In Uruguay it is possible to obtain an Advance Pricing Agreement (APA).


The term for which an APA can be agreed upon in Uruguay cannot exceed a period of three years.


Rules for transfer pricing in Uruguay do not provide for any specific transfer pricing documentation. This means that ordinary tax penalties apply. | the global transfer pricing reference guide