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09 January 2026

Uruguay's Ministry of Economy and Finance increases minimum nontaxable amount for Net Wealth Tax

  • On 30 December 2025, Uruguay's Executive Branch approved an increase in the minimum nontaxable threshold for the Net Wealth Tax applicable to individuals, undivided estates and family units for the 2025 tax period.
 

On 30 December 2025, Uruguay's Ministry of Economy and Finance issued Decree No. 334/025 adjusting the Net Wealth Tax minimum nontaxable amount applicable to individuals for the fiscal year 2025.

According to the decree, the nontaxable amount for individual taxpayers and undivided successions, is set at 6,653,000 Uruguayan pesos (UYU6.653m) (equivalent to approximately US$166,000). For family units, the nontaxable minimum is double (approximately US$332,100).

By contrast, the minimum nontaxable amount for individuals in fiscal year 2024 was UYU6.381m (approximately US$145,040), and double for family units (approximately US$290,080). (See EY Global Tax Alert, Uruguay modifies minimum nontaxable amount of Net Wealth Tax, dated 14 January 2025.)

The Decree has not yet been published in the Official Gazette; it can be accessed here (pdf) in Spanish only.

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Contact Information

For additional information concerning this Alert, please contact:

EY Uruguay, Montevideo

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2026-0157

 

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