Consumption taxes

Nature of the tax

Value Added Tax (VA)

Tax rate

The standard rate is 22%.

Reduced tax rate

Certain essential goods and medicines are subject to the minimum rate of 10%.

Other consumption taxes

Port taxes are overseen by the Administracion Nacional de Puertos (National Port Authority). They are applied in USD per ton. An import control fee of 1% (TCI) of the CIF (Cost Insurance and Freight) is perceived by the Central Bank of Uruguay. There is a custom fee (TSA) of 0.2% of the CIF value, and a special service fee in USD depending of the value of the goods.
Uruguay implements furthermore a commercialization tax: IMESI (Impuesto Especifico Interno, Specific Internal Tax). It is applied only to the first sale. Depending on the good, it is computed on the real sale price or on the official price set by the state.

Corporate taxes

Tax rate

Capital gains taxation

Capital gains on disposal of shares and listed shares are exempt. Other gains are included with taxable income.

Main allowable deductions and tax credit

Deductions are possible for: depreciation and depletion, net operating losses, and payments to foreign affiliates.

Other corporate taxes

- IMESI (Specific Internal Tax);
- FIS (Tax for the Health Inspection Fund);
- ICOSA (Tax for the Control of Public Companies);
- IPAT (Property tax);
- IVA (Value Added Tax).

 

See specificities on the General Tax Office (DGI) website.

Individual taxes

Tax rate

Allowable deductions and tax credit

Possible deductions for:

- Children to support;
- Supporting handicaped or disabled children;
- Contribution health fund;
- Contribution to a solidarity fund.

Special expatriate tax regime

IRNR, tax for non-residents at variable rate. See the general tax administration website DGI.

Double taxation treaties

Countries with whom a double taxation treaty have been signed

Uruguay has signed treaties with several countries to avoid double taxation

Withholding taxes

Dividends: 7%, Interest: 3%/5%/12%, Royalties: 12%

Bilateral agreement

Sources of fiscal information

Tax Authorities

DGI

Other domestic resources

Customs Office