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 income received through the year. Therefore, in some cases, filing a sworn tax is mandatory, and in others, it is advisable since there may be a refund credit to collect.
Contact us to arrange the filing of your IRPF, IASS and VAT sworn tax returns.
Fee: 4600 pesos (VAT included)
Who is required to file IRPF returns?
- All employees who held more than one job and whose annual income exceeded $925350 (nominal) are required to file the 2024 IRPF return. Likewise, all retirees who receive more than one and whose total income for 2024 exceeded $925350 are also require to file IRPF return
- On the other hand, individuals engaged in independent activities through a Sole Proprietorship (Unipersonal) offering professional or non-professional personal services who provided services during 2024 are also required to file the IRPF return. This obligation applies if they have not been subject of the Impuesto a la Renta de las Actividades Económicas (IRAE). In addition to the IRPF return, the taxpayers must submit the sworn declaration for VAT on Personal Services.
Important! There are fines for both, failing to file sworn declaration and for filing them late.
Who could benefit from filing the IRPF return?
- Employees who had a single employer throughout the year but did not receive income in December
- Individuals who wish to file as a family unit (combining the couple´s income and benefiting from a higher non-taxable minimum) to optimize the tax liability of both spouses.
- Individuals who, having had IRPF withholdings during the year, wish to reclaim part of them through refunds generated by credits for rent or by the deduction of mortgage loan instalments. The IRPF deduction for work income corresponds to amounts paid during the year for mortgage loan instalments intended for the acquisition of the taxpayer’s single and permanent residence, provided that the cost of the property does not exceed UI 1,000,000 (6,031,200 Uruguayan pesos or approximately USD 150,000 as of June 2024). The maximum deductible amount cannot exceed 36 BPC annually (222,372 Uruguayan pesos at 2024 values).
- Those who, even without exceeding the nominal income limit, and having multiple income sources, aim to obtain a refund by recalculating the tax in a unified manner.
The same person may have income as an employee and as an independent worker, so both activities must be included in the return.
If there is a credit balance, the taxpayer may choose whether the DGI deposits the amount into their bank account or they prefer to collect it through the authorized collection networks.
Taxpayer subject to IRPF and IASS have the option to pay the balance arising from their 2024 tax returns in five equal monthly instalments
When does the automatic IRPF refund begins?
There are taxpayers who have automatic credits to be collected corresponding to IRPF assessments for the year 2024.
These individuals who had only one job in 2024 and are eligible for the refund without needing to file a tax return.
The inquiry to find out whether one has funds to collect can already be made on the DGI website. Automatic refunds are already available through banks or authorized collection networks. Refunds arising from filed tax returns will be available at the end of July.
