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Uruguay’s Ministry of Economy and Finance sets minimum non-taxable amount of Net Wealth Tax

04 January 2023

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Tax Alerts, Legislation & Policy, National/Federal Taxation

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Uruguay

On 27 December 2022, Uruguay’s Ministry of Economy and Finance issued Decree No.421/022 adjusting the Net Wealth Tax minimum non-taxable amount applicable to individuals for the fiscal year 2022.According to the decree, the non-table amount for individual taxpayers and undivided successions, is set at UYU5,831,000 (equivalent to approximately US$145,800). For family units, the non-taxable minimum is double (approximately US$291,600).The Decree has not been published in the Official Gazette yet; it can be accessed here._________________________________________For additional information with respect to this Alert, please contact the following:EY Uruguay, MontevideoMartha Roca | martha.roca@uy.ey.com María Inés Eibe | ines.eibe@uy.ey.com Piero de los Santos |...