Uruguay published Decree No. 26/025 in the Official Gazette on 5 February 2025, which provides for an increase in the income limits for individuals to apply for the simplified regime for the 2025 tax period. This includes a monthly income limit of UYU 65,400 (up from UYU 61,400 in 2024) and an annual income limit of UYU 784,800 (up from UYU 736,800 in 2024). The simplified tax regime is subject to certain conditions, including that a taxpayer's income is only derived from an economically dependent relationship with an employer. Taxpayers qualifying for the regime are exempt from withholding and subject...