Taxes
Uruguay — Wealth Tax (IPAT)
Uruguay charges net wealth tax on local assets at 0.1% for residents and 0.7% to 1.5% for other non-residents, with about USD 160,000 exempt in 2026.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries — Uruguay, Individual, Other taxesLast reviewed: 2026-10-23
Why this matters
Prospective residents sometimes assume 'no wealth tax' when researching Uruguay because IPAT is less internationally prominent than, say, income tax — it is real and should be checked against personal circumstances rather than ignored.
Key facts
- Individuals, resident or non-resident, are subject to net wealth tax on net wealth located in Uruguay at the end of each year.
- Resident individuals and non-residents subject to IRNR pay 0.1%; other non-residents pay a progressive 0.7% to 1.5%.
- Local net wealth below about USD 160,000 (2026 figure) is exempt, and a family unit can pay jointly, doubling the threshold.
- Valuation, liability and deduction rules are separate, so check DGI.