January 14, 2022
Uruguay issues decree establishing threshold for net worth tax
The threshold for the net worth tax is UYU 5,303,000 (approximately US 120,000) for individuals and undivided estates and double that for family units.
Uruguay has issued Decree 409/021, establishing the threshold at which the net worth tax will apply to the income of individuals, undivided estates and the family unit. For 2021, the threshold for individuals and undivided estates is UYU 5,303,000 (approximately US $120,000). For a family unit, the threshold is UYU 10,606,000 (approximately US $240,000).
Decree 409/021 was published in the Official Gazette and went into effect on December 22, 2021.