Last reviewed - 12 March 2024

The Republic of Uruguay is located in South America, between Brazil and Argentina, with a coast on the Atlantic Ocean. It is divided into 19 departments, with Montevideo as the capital and chief port. Spanish is the official language of Uruguay, and the currency is the Uruguayan peso (UYU).

Uruguay has existed as an independent republic since 18 July 1830, when its first Constitution was approved. Since then, it has taken advantage of its natural harbour to become an important commercial centre.

Uruguay has experienced continued gross domestic product (GDP) growth during the last 20 years, which enabled reaching investment grade in 2012 and achieving the largest GDP per capita in the region. However, from 2016 to 2019, the economy entered into a period of languished growth that was further exacerbated by the pandemic, resulting in a 6.1% GDP reduction in 2020. During 2020 and 2021, Uruguay was praised by the international community for its handling of the pandemic, with a rapid assessment and display of vaccines for all the population.

Private companies from different countries decided to invest and seize the opportunity to establish shared service centre operations, services in the software industry, agribusiness, etc. The government, fully aware of the fundamental role of investment in the economy to support the continued growth that can nourish a still unsatisfied breadth of social needs, is permanently seeking to improve conditions for investors and willing to support projects that boost employment, research and development (R&D), and innovation, and specially reinvigorates infrastructure for the medium and long term.

PwC Uruguay currently has offices located in Montevideo city (downtown), Zonamerica Free Zona, as well as in Punta del Este, with over 400 professionals trained in audit, accounting, tax, economics, information technology, human resources, and operational management. This places PwC as one of the most developed professional services organisations in Uruguay.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)


Corporate income tax (CIT) due dates
CIT return due date

By the end of the fourth month following the date of the fiscal year-end.

CIT final payment due date

By the end of the fourth month following the date of the fiscal year-end.

CIT estimated payment due dates

Tax is paid monthly by way of advance payments.

Personal income tax (PIT) rates
Headline PIT rate (%)

Residents: 36;

Non-residents: 12

Personal income tax (PIT) due dates
PIT return due date

Residents: Between June and August, depending on the ID number.

Non-residents: In May.

PIT final payment due date

Residents: The first payment is due towards the end of August.

Non-residents: In May.

PIT estimated payment due dates

Residents - Labor income: Under employment relationship, tax is collected through monthly withholdings. Self-employed workers are required to make advanced payments on a bimonthly basis.

Residents - Other incomes: Taxpayers must make advanced payments on a monthly basis.

Non-Residents: Mainly collected by way of withholding on a monthly basis.

Value-added tax (VAT) rates
Standard VAT rate (%)

22 (reduced 10% VAT rate applicable to certain goods and services).

Withholding tax (WHT) rates
WHT rates (%) (Dividends/Interest/Royalties)

Resident: 0, 7, or 12 / 0, 7, or 12 / 0 or 12;

Non-resident: 0 or 7 / 0, 7, or 12 / 0 or 12.

Incomes obtained by entities resident, domiciled or located in LNTJs, are taxed at 25%.

Capital gains tax (CGT) rates
Headline corporate capital gains tax rate (%)

Capital gains are subject to CIT, taxed at 25% (there is no corporate capital gains tax in Uruguay).

Headline individual capital gains tax rate (%)

There is no individual capital gains tax in Uruguay. Capital gains are subject to IRPF or IRNR, taxed at 12% (with some exceptions).

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

Individuals are subject to NWT at a progressive scale of rates.

For non-residents that are not subject to IRNR: 0.7% to 1.5%.

For residents and non-residents subject to IRNR: 0.1% to 0.2%.

Inheritance and gift tax rates
Headline inheritance tax rate (%)


Headline gift tax rate (%)


NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.