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Uruguay - Overview and introduction

Tax TIES: Uruguay - Overview and introduction

Taxation of international executives

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Personal income tax started applying as from 1 July 2007 on Uruguayan-sourced income obtained by resident individuals.

Non-resident individuals are also subject to tax (non-resident income tax) on their Uruguayan-sourced income.

A net worth tax is also levied as described in the corresponding section below.

The official currency of Uruguay is the Uruguay Peso (UYU).

Herein, the host country refers to the country where the expatriate is going on assignment. The home country refers to the country where the expatriate lives when he/she is not on assignment.

© 2019 KPMG Sociedad Civil, a Uruguay limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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