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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.


Contact Information
For additional information concerning this Alert, please contact:
EY Uruguay
   • Martha Roca (
   • María Inés Eibe (
Ernst & Young US, LLP, Latin American Business Center, New York
   • Lucas Moreno (
   • Ana Mingramm (
   • Pablo Wejcman (
   • Enrique Perez Grovas (