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-taxable 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 (pdf).
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.
