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20 December 2016

Uruguay modifies Social Security Assistance Tax rates

Uruguay enacted Law No. 19,456 (December 2, 2016), which modifies the progressive rates of the Social Security Assistance Tax imposed on pensions. The new rates are effective January 1, 2017.

The new progressive rates are as follows:

— Annual income for retirement and pension of up to 96 Benefits and Contributions (BPC) … Exempt
— More than 96 BPC and up to 180 BPC … 10%
— More than 180 BPC and up to 600 BPC … 24%
— More than 600 BPC … 30%

The BPC is an index used to calculate the Social Security Assistance Tax. The index is updated every year and the current BPC value is Uruguayan Pesos 3,340.

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Contact Information
For additional information concerning this Alert, please contact:
 
EY Uruguay
• Martha Roca598 2 902 3147
• Rodrigo Barrios598 2 902 3147
Latin American Business Center, New York
• Ana Mingramm(212) 773-9190
• Enrique Perez Grovas(212) 773-1594
• Pablo Wejcman(212) 773-5129
International Tax Services - London
• Jose Padilla+44 20 7760 9253

Document ID: 2016-2180

 

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