How capital gains tax works in Uruguay
For individuals, capital gains on shares or quotas in Uruguayan CIT payers are generally taxed at 12% under IRPF or IRNR. Transfers of Uruguayan titles can also be taxed under an effective 2.4% formula on the transfer price.
If the transferor is resident in, domiciled in or located in a low-tax jurisdiction, the effective rate can rise to 7.5%. Uruguay also taxes indirect transfers where the underlying entity is property-rich in Uruguay.
For companies, capital gains are treated as ordinary income and taxed at the 25% CIT rate. There is no separate corporate capital gains tax regime.
From 1 January 2026, the scope of foreign-source capital gains for resident individuals expanded under the Budget Law, including immovable property and movable property items in the new rules.
Tax rates at a glance
- Individual capital gains
- 12%IRPF / IRNR
- Effective title transfer
- 2.4%
- LNTJ transfer rate
- 7.5%
- Corporate capital gains
- 25%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsTradersFoundersFamily officesAsset sellers
Watch out for
- The 2026 Budget Law broadened resident taxation on certain foreign-source gains, so offshore property and movable assets need a fresh review.
- Nonresident share or title sales can still become Uruguayan-source if the entity's assets are sufficiently Uruguay-heavy.
- Capital gains are not just about tax rate. Valuation method, source rules, and whether the asset is a share, title, or direct real estate interest all matter.
- Real estate disposals can also trigger transfer or registration costs outside income tax.
Frequently asked questions
Does Uruguay have capital gains tax?
Yes. Many individual capital gains are taxed at 12%, while company gains are normally taxed under the 25% CIT.
Are share sales taxed in Uruguay?
Yes. Sales of shares or quotas in Uruguayan CIT payers are generally taxed at 12%, with an effective title-transfer method that often works out to 2.4%.
Did Uruguay change capital gains rules in 2026?
Yes. The 2025-2029 Budget Law expanded resident taxation to some foreign-source gains, including immovable property and movable property.