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Uruguay Sets Benefits and Contributions Base Value for 2022

25 January 2022

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Approved Changes

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Uruguay

Uruguay has published Decree No. 4/022 in the Official Gazette, which sets the benefits and contributions base (Base de Prestaciones y Contribuciones - BPC) at UYU 5,164 from 1 January 2022. Considering the BPC value for 2022, the individual income tax brackets and rates for 2022 are as follows: up to UYU 433,776 (84 BPC) - 0% over UYU 433,776 up to 619,680 (120 BPC) - 10% over UYU 619,680 up to 929,520 (180 BPC) - 15% over UYU 929,520 up to 1,859,040 (360 BPC) - 24% over UYU 1,859,040 up to 3,098,400 (600 BPC) - 25% over UYU 3,098,400...