Global VAT and Tax Compliance Consultants

Uruguay VAT Update

The local name for VAT in Uruguay is Impuesto al valor agregado

There are  2 VAT rates in Uruguay:

  • Standard VAT rate is 22%
  • Reduced VAT rate is 10%

Standard rate: 22%

This rate applies for all transactions that take place in Uruguay, unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).

Reduced rate: 10%

Goods and services taxable at 10%

  • Basic foodstuffs
  • Soap
  • Medicines
  • Services supplied by hotels in “high season” to resident individuals
  • Tourist services
  • Health services

Zero rate (0%)

  • Milk
  • Books, newspapers, magazines and educational material
  • Water
  • Exports of goods

Exempt supplies of goods and services, without the right to deduct VAT

  • Foreign currencies, securities, bonds, stocks and other financial transactions