June 19, 2013
Uruguay says moving forward in tax accord with Argentina
Uruguay continues to negotiate a tributary accord with Argentina through out normal channels and has received no pressure related to the issue, the head of the country’s Revenue Agency, Pablo Ferreri assured.
Regarding information arriving from Buenos Aires on the compliance of the demands of the Organisation for Economic Co-operation and Development (OECD), Ferreri recalled that “the signing of those kinds of accords is usually delayed and isn’t reached in a matter of days, because the documents travel from one country to another.”
The Uruguayan government official participated in OECD summit on Wednesday in Buenos Aires, in which the tax agreement was discussed and the importance of countries interchanging information in order to give a more transparent framework to financial negotiations was highlighted.
While addressing reporters, Ferreri said that Uruguayan technicians are being trained to participate in “peer revision” processes in order to not only be evaluated but become assessors as well.
The director of the OCDE summit secretariat, Pascal Saint-Amans, praised the progress Uruguay has shown in that field, per an interview published in La República newspaper.
Nonetheless he warned that it is necessary for Uruguay to move forward in an accord with Argentina, to avoid, among other things, double tax paying and adapt to international regulations.
“Our recommendation is for Uruguay to move forward in the accord with Argentina to activate mechanisms that avoid the payment of certain taxes twice. I met with the Uruguayan Government a few days ago and there is a world-wide trend in which the members of the organization have evolved. Uruguay has shown a real will to progress,” he concluded.