Uruguay Tax Tables 2024 - Tax Rates and Thresholds in Uruguay
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This page contains the tax table information used for the calculation of tax and payroll deductions in Uruguay in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ UY, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Uruguay or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Uruguay Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Uruguay are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Uruguay Tax Calculator 2024.
Uruguay Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from $ 0.000.00 | to | $ 475,440.00 |
| 10% | Income from $ 475,440.01 | to | $ 679,200.00 |
| 15% | Income from $ 679,200.01 | to | $ 1,018,800.00 |
| 24% | Income from $ 1,018,800.01 | to | $ 2,037,600.00 |
| 25% | Income from $ 2,037,600.01 | to | $ 3,396,000.00 |
| 27% | Income from $ 3,396,000.01 | to | $ 5,094,000.00 |
| 31% | Income from $ 5,094,000.01 | to | $ 7,810,800.00 |
| 36% | Income from $ 7,810,800.01 | | and above |
Uruguay Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 25% | Flat rate on all taxable income |
In Uruguay, social security deductions made by employees are considered deductible for the purpose of calculating taxable income. This means that the amounts contributed towards social security by employees can be subtracted from their gross income before determining the amount of income tax owed. This provision encourages participation in the social security system and effectively lowers the taxable income of employees, thereby reducing their overall tax liability.
Uruguay Social Security and Payroll Deduction Rates in 2024
In Uruguay, the social security system is comprehensive, covering a wide range of benefits for employees, such as retirement pensions, healthcare services, and family allowances. Both employees and employers contribute to this system, with deductions made directly from payroll. This guide delves into the various types of social security and payroll deductions in Uruguay, explaining the purpose and funding of each element.
Uruguay Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Health Insurance (Tier 1) | 3% | 5% | 8% |
| Health Insurance (Tier 2) | 4.5% | 0% | 4.5% |
| Labor Re-conversion Fund | 0.1% | 0.1% | 0.2% |
| Pension Fund | 15% | 7.5% | 22.5% |
| Labour Credit Guarantee Fund | 0% | 0.025% | 0.025% |
Uruguay Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Health Insurance (Tier 1) | n/a | $ 169,800.00 | n/a | n/a |
| Health Insurance (Tier 2) | $ 169,800.00 | n/a | n/a | n/a |
| Labor Re-conversion Fund | n/a | n/a | n/a | n/a |
| Pension Fund | n/a | $ 2,835,708.00 | n/a | $ 2,835,708.00 |
| Labour Credit Guarantee Fund | n/a | n/a | n/a | n/a |
Retirement Pension Contributions
One of the key components of payroll deductions in Uruguay is for retirement pensions. These contributions fund the public pension system, providing a safety net for workers upon reaching retirement age. The system is designed to ensure that all individuals have access to a basic level of income in their retirement years, reflecting Uruguay’s commitment to social welfare and security.
Healthcare Contributions
Healthcare contributions are another significant part of the social security system in Uruguay. These deductions fund the National Health Insurance System, ensuring that employees have access to comprehensive healthcare services. This includes preventative care, medical treatment, hospitalization, and emergency services, highlighting the country's focus on health and well-being.
Family Allowance Contributions
Family allowances are funded through specific payroll deductions and are designed to support employees with dependent children. These allowances help cover the costs associated with child care, education, and health, providing financial assistance to families and ensuring the well-being of the next generation.
Unemployment Insurance
Contributions to unemployment insurance offer protection to workers who lose their jobs through no fault of their own. This social security element provides temporary financial assistance to unemployed individuals, helping them meet their basic needs while they search for new employment opportunities. It reflects Uruguay's approach to supporting workers during times of economic uncertainty.
Work Injury and Professional Illness Insurance
This insurance covers employees in the event of work-related injuries or illnesses. Contributions fund compensation for medical treatment, rehabilitation services, and lost wages due to work-related accidents or conditions. This ensures that employees are protected against the financial impacts of workplace hazards.
Uruguay's social security and payroll deduction system is comprehensive, covering a wide range of benefits that protect and support employees throughout their working lives and into retirement. This system reflects the country's commitment to social welfare and the well-being of its workforce. Both employees and employers contribute to this system, ensuring its sustainability and effectiveness in providing crucial social benefits.
Uruguay VAT Rates in 2024
VAT rates for Uruguay are reviewed annually, you can use the VAT Calculator to calculate VAT due in Uruguay or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Uruguay VAT Rates| VAT Rate | VAT Description |
|---|
| 0% | Zero Rated |
| 10% | Reduced Rate |
| 22% | Standard Rate |
Historic Tax Tables supported for Uruguay
The following tax tables are supported by iCalculator™ UY as part of the suite of free tax tools we provide for Uruguay.