This article provides a clear overview of wealth tax regulations applicable in Uruguay in 2025. It examines the progressive structure of the tax, identifies who is subject to surtaxes, and presents all currently available official figures for this fiscal year.
Wealth Tax Structure in Uruguay
Wealth tax (Impuesto al Patrimonio) in Uruguay is levied on the net worth of individuals, focusing specifically on property. This tax is assessed on the total value of assets minus liabilities, and applies equally to both domestic and eligible foreign-held assets as outlined by Uruguayan authorities. The tax follows a progressive structure with brackets and surtaxes targeting specific groups.
General Progressive Wealth Tax Rates (2025)
| Net Worth Bracket (UYU) | Rate (%) |
|---|---|
| From $0 (no upper limit specified) | 0.1% |
Note: The official tax rate for all property values starts at 0.1%. Current data for upper brackets or thresholds is not publicly available. This information is subject to regular updates by Uruguayan tax authorities, so always review the latest details from www.dgi.gub.uy.
Surtaxes for Non-Resident Individuals
Certain non-resident individuals not subject to Uruguay’s IRNR (Impuesto a la Renta de No Residentes) face a higher progressive surtax on their property.
| Taxpayer | Surtax Rate Range (%) | Condition |
|---|---|---|
| Non-resident individuals | 0.7% to 1.5% | Progressive scale based on asset level, only if not subject to IRNR |
This surtax applies in addition to the standard rate and is calculated on a progressive scale, meaning higher property values attract higher effective rates within the specified range.
Assessment Basis and Exemptions
Uruguay’s wealth tax is assessed exclusively on property. This means all applicable assets—such as real estate and certain personal property—are taken into account for both residents and non-residents, unless specifically exempted by Uruguayan law. No minimum holding period is required for assets to be included in the taxable base.
Key Statistics and Rate Summary (2025)
| Parameter | Detail |
|---|---|
| Currency | Uruguayan Peso (UYU) |
| Assessment Basis | Property |
| Standard Individual Rate | 0.1% |
| Surtax for Non-Residents | 0.7% to 1.5% (progressive) |
Pro Tips: Managing Wealth Tax in Uruguay
- Review all asset classifications each fiscal year to ensure only taxable assets are included in your declaration, as Uruguay’s regulations occasionally update definitions.
- Non-residents should carefully assess whether they are subject to IRNR; meeting specific conditions may reduce your effective wealth tax rate significantly.
- Retain documented valuations and purchase records, especially for real estate, to facilitate potential audits or compliance reviews.
- Consider the currency implications if reporting internationally—track real exchange rates (e.g., 1 USD ≈ 40 UYU as of 2025) when converting asset values for comparative purposes.
Official Source
Further details and any annual updates can be verified with the Dirección General Impositiva (DGI) at www.dgi.gub.uy.
In summary, Uruguay applies a progressive wealth tax starting at 0.1% on property, with additional surtaxes ranging up to 1.5% for non-resident individuals not subject to IRNR. Current data does not specify upper thresholds for domestic brackets, highlighting the need for careful annual review. As with any fiscal planning, staying aligned with Uruguayan official guidance and monitoring potential regulatory changes is key for both residents and foreign asset holders in 2025.