Taxes on Income, Profits and Capital Gains (As % of Revenue) fell to 22.3% in Uruguay in 2017

Taxes on Income, Profits and Capital Gains (As % of Revenue) (%)
Economy | Uruguay | December 1, 2019
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Taxes on income, profits and capital gains as a share of revenue reached 22.3 % in 2017 in Uruguay, according to the National Statistical Office. This is 28 % less than in the previous year.

Historically, taxes on income, profits and capital gains as a share of revenue in Uruguay reached an all time high of 31.0 % in 2016 and an all time low of 4.69 % in 1972. When compared to Uruguay's main peers, taxes on income, profits and capital gains as a share of revenue in Argentina amounted to 12.9 %, 22.6 % in Brazil, 36.6 % in Chile and 12.8 % in Paraguay in 2017.

Uruguay has been ranked 62nd within the group of 104 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue, 41 places above the position seen 10 years ago.

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Argentina % 13.0% 13.1% 13.5% 13.8% 15.2%
Bolivia % ... ... ... ... ... ... ... ... ...
Brazil % 23.3% 21.2% 22.0% 22.3% 20.8%
Chile % 27.2% 30.4% 28.7% 28.9% 29.8%
Paraguay % 11.5% 11.6% 12.0% 12.1% 11.7%
Peru % 33.9% 34.0% 31.1% 32.2% 29.2%
Uruguay % 18.0% 18.4% 19.3% 19.0% 18.7%
Venezuela % ... ... ... ... ... ... ... ... ...