Uruguay Capital Gains Tax
Detailed capital gains tax rates and rules for Uruguay in 2026.
Capital gains in Uruguay are taxed at a flat 12% as part of the capital income category under IRPF. This includes gains from the sale of real estate (other than primary residence), shares, and other investments. For real estate sales, the gain is calculated as the difference between the sale price and the inflation-adjusted acquisition cost. Gains from the sale of shares in companies operating within Uruguayan free trade zones may be exempt. Non-residents are subject to a 12% withholding tax on Uruguayan-source capital gains.
Short-Term Rate
12%
Long-Term Rate
12%
Standard Rate
12%
Exemptions
- Gains from the sale of a primary residence may be exempt under certain conditions
- Income earned in free trade zones is entirely exempt from taxation
- Certain government bonds and financial instruments may have preferential treatment
How Uruguay Capital Gains compares
Uruguay’s capital gains tax rate of 12% is the 111th highest of 203 countries TaxAtlas tracks, below the global average of 13.8% and South America’s regional average of 20.5%.
