Uruguay’s Executive Branch increases income limit to apply for simplified regime for Personal Income Tax

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EY Global
27 Jan 2023
Subject Tax Alert
Categories Corporate Tax
Jurisdictions Uruguay

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  • Uruguay’s Executive Branch has increased the income limit for taxpayers to qualify for the simplified personal income tax regime for the 2023 tax period.

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 (pdf) (only in Spanish).

 

For additional information with respect to this Alert, please contact the following:

EY Uruguay, Montevideo

  • Martha Roca

  • María Inés Eibe

  • Piero de los Santos

  • Lucia Giagnacovo

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

  • Lucas Moreno

  • Ana Mingramm

  • Pablo Wejcman

  • Enrique Perez Grovas

Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

  • Raul Moreno, Tokyo

  • Luis Coronado, Singapore

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.