Uruguay: Proposed changes to tax transparency measures in budget bill

Access to financial information; definition of entities required to report under CRS

The 2025-2029 National Budget Bill, which was submitted to Parliament on August 31, 2025, includes the following proposed amendments concerning tax transparency:

Expand the powers of the tax administration (DGI) to access financial information: Upon a substantiated request from a foreign authority, within the framework of international agreements, the DGI may request information on bank accounts and transactions through the Central Bank, even in cases not covered by the automatic information exchange regime. Financial institutions are released from banking secrecy in these cases. Furthermore, if the bill is approved, the DGI may request the same information under the same terms and conditions, in the process of its investigative and auditing powers.
Update the definition of financial entities required to report under the common reporting standard (CRS): The bill proposes to include electronic money issuers and any other entity that holds deposits.

Read a September 2025 report (Spanish) prepared by the KPMG member firm in Uruguay

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Uruguay: Proposed changes to tax transparency measures in budget bill

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