How wealth tax works in Uruguay
Uruguay's Impuesto al Patrimonio is an annual net wealth tax, not a one-time asset levy. It can apply to individuals, succession estates and companies, and the tax base is generally the net value of assets after limited deductions.
For individuals who are resident or subject to IRNR, the headline rate is 0.1% on local net wealth, while non-resident individuals who are not under IRNR are taxed on a progressive scale from 0.7% to 1.5%.
Companies and business owners generally pay 1.5% on net assets located or economically used in Uruguay, with a 3% rate for assets connected with low-tax jurisdictions. Some liabilities are deductible, but the debt deduction rules are narrower than a normal balance sheet.
The tax-free threshold for individuals is indexed annually. For the 2025 tax year, the official minimum non-taxable amount was UYU 6,653,000 for individuals and succession estates, doubled for family units.
Tax rates at a glance
- Individual wealth tax
- 0.1%Resident / IRNR
- Non-resident scale
- 0.7% - 1.5%
- Company wealth tax
- 1.5%
- LNTJ company rate
- 3%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFamily officesHigh earnersFoundersAsset holders
Watch out for
- The minimum non-taxable amount is adjusted by decree. The latest official threshold published in early 2026 was for the 2025 tax year, so check the current DGI amount before filing.
- Not all liabilities are deductible. Uruguay limits which debts can reduce the wealth tax base, especially for individuals.
- A home used as the taxpayer's dwelling gets a partial deduction, but the cap and valuation rules still matter.
- Companies can credit corporate income tax against wealth tax, but the offset is capped.
Frequently asked questions
Does Uruguay have wealth tax?
Yes. Uruguay levies an annual net wealth tax on individuals, succession estates and companies.
Is foreign wealth taxed in Uruguay?
Uruguay's wealth tax is mainly based on assets located or economically used in Uruguay, with separate rules depending on whether the taxpayer is resident, IRNR or a non-resident outside IRNR.
What is the threshold for wealth tax in Uruguay?
The threshold is indexed annually. The latest official published minimum non-taxable amount for individuals and succession estates was UYU 6,653,000 for the 2025 tax year, doubled for family units.