Montevideo, February 15. Uruguay’s Deputy Minister of Economy and Finance, Alejandro Irastroza, stressed on Wednesday the importance for the European Union (EU) of removing the South American country from the “grey list” of nations that do not do not comply with at least one of the European standards. in terms of taxation. .
Consulted at a press conference, he stressed: “It is very important to continue attracting investment from EU countries, which is one of the main sources of investment that Uruguay receives”.
For her part, the Minister of Economy and Finance, Azucena Arbeleche, praised the “excellent work” of this portfolio, in particular the tax advisory team and the general tax directorate.
The two statements were made during the press conference chaired by the main authorities of the ministry during which they presented the report “Fiscal situation and macroeconomic prospects of Uruguay”.
The EU on Tuesday removed Uruguay from the “grey list” of countries that do not comply with at least one of the European tax standards, but which have promised to apply reforms in the future to change their situation.
The 27 congratulated Uruguay on having managed to get out of this classification, knowing that the Latin American country has already fulfilled the commitments it had made with the community bloc, according to the Council, the body representing the governments of EU member states. states. .
Along with Uruguay, the EU has also removed Barbados, Jamaica and North Macedonia from the aforementioned list, which the EU says aims to “recognize the constructive work being done in the area of taxation” as well to “encourage the positive approach adopted to implement the principles of good tax governance”.
In this way, Uruguay leaves the category of “cooperating jurisdictions without assumed commitments”, once it leaves the “grey list”.
The decision of the countries which enter or leave this category is taken twice a year by the ministers of economy and finance of the member countries of the EU, meeting in Council.