Foreign retirees who move their residence to Uruguay can benefit from tax exemptions in certain cases. In addition, pensions from abroad are not subject to personal income tax.
Taxes for foreign properties or israel phone number library companies in Uruguay
That's all about the taxes you'll have to pay if you move to Uruguay. But what happens if you set up a company or invest? As you can imagine, the taxes that companies operating in the Switzerland of America have to pay are different from those that apply to individuals.
Taxes for foreigners in Uruguay companies and investments
Taxes for foreigners in Uruguay, individuals
ax on property transfers (ITP)
The ITP is levied on the purchase and sale of property in Uruguay. It is applied at a rate of 4% on the cadastral value of the property. The final amount is divided equally between the buyer and the seller.
Example: if you buy a property with a cadastral value of 5,000,000 Uruguayan pesos (128,200 dollars), you will have to pay 100,000 Uruguayan pesos (2,564 dollars) in ITP.