Understanding corporate income tax and other business taxes in Uruguay is crucial for companies operating within the country. Alongside corporate income tax, businesses should be aware of other taxes, such as VAT, wealth tax, personal income tax, social security contributions, and withholding tax. It is advisable to consult with a tax professional or refer to the official website of the Dirección General Impositiva (DGI) for the most accurate and up-to-date information. By fulfilling their tax obligations, businesses can operate in compliance with Uruguayan tax laws and contribute to the growth and development of the country's economy.
Uruguay imposes corporate income tax, known as "Impuesto a las Rentas de las Actividades Económicas" (IRAE), on the profits earned by companies operating within its jurisdiction. The corporate income tax rate in Uruguay is a flat rate of 25% on net taxable income. However, companies engaged in certain sectors may be eligible for reduced rates or exemptions.
For comprehensive and up-to-date information on business taxes in Uruguay, it is recommended to visit the official website of the Dirección General Impositiva (DGI).
Dirección General Impositiva Website: Official DGI Website