Uruguay: Deductibility of directors' fees for corporate income tax purposes
Pension contribution amount, including amounts exceeding the social security threshold, are fully deductible.
Uruguay’s tax administration clarified that director fees (dietas) set in company bylaws are deductible for corporate income tax purposes, even if partially exempt from social security contributions.
The pension contribution amount, including amounts exceeding the social security threshold, are fully deductible.
For more information, contact a KPMG tax professional in Uruguay:
Luis Aisenberg | luisaisenberg@kpmg.com