Other relevant taxes in Uruguay for foreigners
Posted: Sun Jan 19, 2025 5:12 am
Example: If you own property in Uruguay valued at 10,000,000 Uruguayan pesos (256,410 dollars), you could pay around 70,000 Uruguayan pesos (1,795 dollars) annually in this tax.
Non-resident income tax (IRNR)
If you are not a tax resident in Uruguay, the israel phone number library IRNR will be the tax you pay on income earned in the country. The applicable rates are as follows:
Rentals and property income: 12%.
Capital gains: between 7% and 12%.
Temporary professional services: 12%.
In addition to these two taxes, which are better known and more relevant, there are other taxes that can also impact your finances if you plan to live, invest or carry out economic activities in Uruguay.
Value-added tax (VAT): This tax is levied on most goods and services in the country at a standard rate of 22%. However, certain essential products, such as basic foods, medicines and transportation, have a reduced rate of 10% . This tax is already included in the final price of the products, so it does not require additional calculations.
Non-resident income tax (IRNR)
If you are not a tax resident in Uruguay, the israel phone number library IRNR will be the tax you pay on income earned in the country. The applicable rates are as follows:
Rentals and property income: 12%.
Capital gains: between 7% and 12%.
Temporary professional services: 12%.
In addition to these two taxes, which are better known and more relevant, there are other taxes that can also impact your finances if you plan to live, invest or carry out economic activities in Uruguay.
Value-added tax (VAT): This tax is levied on most goods and services in the country at a standard rate of 22%. However, certain essential products, such as basic foods, medicines and transportation, have a reduced rate of 10% . This tax is already included in the final price of the products, so it does not require additional calculations.