Uruguay Tax Overview

Uruguayan tax system at a glance

Uruguay operates a territorial-source tax system administered by the Direccion General Impositiva (DGI). Most income (personal and corporate) is taxed only where it arises in Uruguay, with limited exceptions for certain foreign passive income. Headline rates are 25% corporate (IRAE), up to 36% personal labour income (IRPF), and a 22% standard VAT (IVA).

• Standard tax year — Calendar year (1 January to 31 December) ((approx — confirm; companies may apply for a different fiscal year-end)) (Titulo 4 Texto Ordenado 1996 (IRAE))
• Currency — Uruguayan peso (UYU) (Banco Central del Uruguay)
• National tax authority — Direccion General Impositiva (DGI) (Direccion General Impositiva)
• Social security authority — Banco de Prevision Social (BPS) (Banco de Prevision Social)
• Basis of taxation — Territorial / source-based — Uruguay-source income is taxed; most foreign-source income is exempt (with limited exceptions, e.g. certain foreign capital income of resident individuals) (Titulo 7 Texto Ordenado 1996 (IRPF))
• Base de Prestaciones y Contribuciones (BPC) — indexing unit — UYU 6,576 per month for 2025 (UYU 6,864 for 2026) UYU (Decreto del Poder Ejecutivo - valor de la BPC 2025)
• Headline personal income tax (IRPF) top rate — 36% on the top labour-income band; capital income generally a flat 12% % (Titulo 7 Texto Ordenado 1996 (IRPF))
• Headline corporate income tax (IRAE) rate — 25% % (Titulo 4 Texto Ordenado 1996 (IRAE))
• Does Uruguay have a VAT/GST? — Yes — Impuesto al Valor Agregado (IVA), standard rate 22% % (Titulo 10 Texto Ordenado 1996 (IVA))
• Net wealth tax (Impuesto al Patrimonio, IP) — Annual net wealth tax applies — 1.5% for companies (3% for low/no-tax-jurisdiction entities); progressive scale for individuals % (Titulo 14 Texto Ordenado 1996 (Impuesto al Patrimonio))
• Main annual filing pattern — Corporate IRAE filed annually after fiscal year-end (typically within ~4 months); IRPF labour-income annual return generally filed mid-year (around May-July) following the calendar year ((approx — DGI publishes the exact due-date calendar each year by taxpayer group)) (Resoluciones DGI - calendario de vencimientos)