A major tax reform bill came into force on 1 July 2007 with the number 18083.[1][2] Nevertheless, something important remained: Uruguay applies the source principle, with investments located and activities performed outside Uruguay remaining untouched.[3]
Value added taxes (VAT): basically 22%, but some goods (pharmaceutical, etc.) are taxed with 10%, and fruits and vegetables are not taxed. As of August 2014, the Financial Inclusion Law (Spanish: Ley de Inclusión Financiera[4]) established a 4% tax deduction for sales with debit cards and 2% for credit cards.[5]
Corporate tax: it used to be 30%, since 2007 it was lowered to 25%, but special dispositions can bring this to 33%.[6]
Individual income tax: Since 2007[1] there is a progressive scale of taxation, with a non-taxable minimum. The payroll tax is part of the same tax scheme.
Wealth tax: There is a non-taxable minimum [citation needed] which leaves the big majority of Uruguayans out of this duty. A progressive scale of taxation ranges from 0.7% to 2.75%.
Other taxesedit
The Schools Tax (Spanish: Impuesto de Enseñanza Primaria) taxing urban rural estate was collected by the National Administration of Public Education and, since 2018, is collected direct by DGI.
Regional administrations in the country can establish, collect and control certain taxes through their respective Departmental Councils. The most significant local taxes include the Real Estate Tax, Vehicle Registration Fee and the Food Analysis Tax.
taxation, uruguay, taxes, uruguay, taxes, collected, mainly, general, taxation, directorate, spanish, dirección, general, impositiva, uruguay, major, reform, bill, came, into, force, july, 2007, with, number, 18083, nevertheless, something, important, remained. Taxes in Uruguay are taxes collected mainly by the General Taxation Directorate Spanish Direccion General Impositiva DGI in Uruguay A major tax reform bill came into force on 1 July 2007 with the number 18083 1 2 Nevertheless something important remained Uruguay applies the source principle with investments located and activities performed outside Uruguay remaining untouched 3 Contents 1 Tax rates 2 Other taxes 3 See also 4 References 5 External linksTax rates editValue added taxes VAT basically 22 but some goods pharmaceutical etc are taxed with 10 and fruits and vegetables are not taxed As of August 2014 the Financial Inclusion Law Spanish Ley de Inclusion Financiera 4 established a 4 tax deduction for sales with debit cards and 2 for credit cards 5 Corporate tax it used to be 30 since 2007 it was lowered to 25 but special dispositions can bring this to 33 6 Individual income tax Since 2007 1 there is a progressive scale of taxation with a non taxable minimum The payroll tax is part of the same tax scheme Wealth tax There is a non taxable minimum citation needed which leaves the big majority of Uruguayans out of this duty A progressive scale of taxation ranges from 0 7 to 2 75 Other taxes editThe Schools Tax Spanish Impuesto de Ensenanza Primaria taxing urban rural estate was collected by the National Administration of Public Education and since 2018 is collected direct by DGI Regional administrations in the country can establish collect and control certain taxes through their respective Departmental Councils The most significant local taxes include the Real Estate Tax Vehicle Registration Fee and the Food Analysis Tax See also editEconomy of Uruguay Revenue stamps of UruguayReferences edit a b Tax system in Uruguay Parliament of Uruguay Retrieved 2014 09 21 in Spanish Uruguayan government drafts major tax reform bill PwC Retrieved 2014 09 21 Doing Business In Uruguay PDF PKF Retrieved 2014 09 21 Financial Inclusion Law PDF Parliament of Uruguay Retrieved 2014 09 21 in Spanish Uruguay cuts VAT rate on electronic purchases VAT Live Retrieved 2014 09 21 Uruguay Tax and Investment Profile PDF Deloitte 2012 Retrieved 2014 09 21 External links editDireccion General Impositiva DGI nbsp This tax related article is a stub You can help Wikipedia by expanding it vte nbsp This article about government in Uruguay is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Taxation in Uruguay amp oldid 1218477158, wikipedia, wiki, book, books, library,
