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| Uruguay Strong | |
|---|---|
| Tax system | Source-based, but foreign passive income taxed at 12%; 11-year holiday for new residents Verified |
| Income tax (top) | 36% Verified |
| Capital gains | 12% Verified |
| Dividends | 7% (Uruguayan companies); 12% (foreign) Verified |
| Interest | 12% (local deposits 0.5%-12% by term and currency) Verified |
| Inheritance | None Unverified |
| Wealth tax | 0.1% for residents (Uruguayan assets only) Secondary |
| Foreign income | Work abroad untaxed; foreign dividends, interest and gains 12% (0% under the 11-year holiday) Verified |
| Corporate tax | 25% (IRAE) Secondary |
| VAT | 22% Secondary |
| Becoming tax resident | More than 183 days a year, or main base of activities or interests in Uruguay Verified |
| UK treaty | Yes (2016 convention) Verified |
| Cheapest residence route | USD 1,000 |
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