Uruguay: Key Points of the 2025-2029 National Budget Bill for the Economy and Foreign Investment
The 2025-2029 National Budget Bill introduces tax changes, investment incentives, and institutional reforms that may redefine Uruguay’s positioning as a destination for capital and innovation. We summarize the main aspects that the bill would modify regarding investment benefits and outline practical implications for each. 1.New Domestic Minimum Tax (Pillar Two, 15%) Uruguay introduces the Domestic […]
Monthly Economic Report
JULY 2025 SUMMARY COMMENTS In the recently concluded month of July, the evolution of the indicators we have been monitoring was as follows: Uruguay’s Country Risk (measured by the UBI Index published by República AFAP) stood at 70 as of 07/31/2025, representing a negative monthly variation of 11.39%. Likewise, over the past 12 months, this […]
Filing of the IRPF Tax Return in 2025
Starting July 7 and running through August 28, the IRPF sworn tax return for 2024 must be filed, as well as the Social Security Assistance Tax (IASS) Both IRPF and IASS are annual taxes. Although employers or social security institutions make monthly withholdings on salaries and pensions, the taxes are calculated based on the total […]
Economic report – december 2024
In the recently concluded month of December, the evolution of the indicators we have been monitoring was as follows: Uruguay’s Country Risk (measured by the UBI Index published by República AFAP) as of December 31, 2024, shows a value of 81, representing a negative variation of -6.90% for the month. Additionally, when considering the last […]
Incorporation of Companies in Dubai in DUBAI – United Arab Emirates taxes 0%
Dubai – one of the Arab Emirates – has become a true international business center in recent years, mainly due to its pro-business policy and its flexible legal and tax system, which allows investors to optimize the taxation of their company, enjoying a brand image and prestige. An offshore company in Dubai is a company […]
Important benefits for investment projects in Uruguay
A few days ago Carlos Picos Consultora presented a new investment project for an international firm that is coming to invest in Uruguay in process improvements for public and private banking. It is a very important benefit that has been widely applied by national and foreign investors. As an example, between January and August 2022, […]
Uruguay leads the ranking of the best business climate in the region.
📝 The Getulio Vargas Foundation of Brazil, through the Brazilian Institute of Economics, published its Latin American Economic Survey for the second quarter of 2022, highlighting #Uruguay’s position as the country with the best Economic Climate in Latin America. 📊 The survey was carried out in the second quarter of 2022 among 145 experts in […]