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18 January 2022 Uruguay issues decree establishing threshold for net worth tax The threshold for the net worth tax is UYU5,303,000 (approximately US$120,000) for individuals and undivided estates and double that for family units. Uruguay has issued Decree 409/021, establishing the threshold at which the net worth tax will apply to the income of individuals, undivided estates and the family unit. For 2021, the threshold for individuals and undivided estates is UYU5,303,000 (approximately US$120,000). For a family unit, the threshold is UYU10,606,000 (approximately US$240,000). Martha Roca | martha.roca@uy.ey.com María Inés Eibe | ines.eibe@uy.ey.com Lucas Moreno | lucas.moreno@lan.ey.com Ana Mingramm | ana.mingramm@ey.com Pablo Wejcman | pablo.wejcman@ey.com Enrique Perez Grovas | enrique.perezgrovas@ey.com
Raul Moreno, Tokyo | raul.moreno@jp.ey.com Luis Coronado, Singapore | luis.coronado@sg.ey.com Document ID: 2022-5064 |