27 January 2023 Uruguay’s Executive Branch increases income limit to apply for simplified regime for Personal Income Tax
Taxpayers with a salary of up to UYU50,200 (approximately US$1,290) per month and UYU602,400 annually (approximately US$15,450), qualify to apply to the simplified regime with respect to personal income tax, according to Decree N°20/023, provided that they receive a salary derived from an economically dependent relationship. The taxpayer's personal income tax cannot be assessed as a family unit and the taxpayers cannot have generated taxable income as an independent contractor in order to be eligible to apply to this regime. The Decree No 20/023 has not been published in the Official Gazette yet. It can be accessed here (only in Spanish).
Document ID: 2023-0160 | |