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Uruguay Sets Minimum Monthly Advance Corporate Income Tax for 2022

19 January 2022

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Approved Changes

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Uruguay

Uruguay has published Decree No. 434/021, which establishes the minimum monthly advance corporate income tax (IRAE) payment amounts for 2022. The minimum amounts are provided in the following scale based on gross revenue in the prior year, considering a reference amount (305,000 indexed units) up to 3 times the reference amount - UYU 6,180 over 3 times the reference amount up to 6 times - UYU 6,760 over 6 times the reference amount up to 12 times - UYU 9,080 over 12 times the reference amount up to 24 times - UYU 12,300 over 24 times the reference amount -...