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Individual income tax: Since 2007 [1] there is a progressive scale of taxation, with a non-taxable minimum. The payroll tax is part of the same tax scheme. Wealth tax: There is a non-taxable minimum [7] which leaves the big majority of Uruguayans out of this duty. A progressive scale of taxation ranges from 0.7% to 2.75%.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Goods and Services Tax (GST; Māori: Tāke hokohoko) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [ 75 ]
The Civil Code of the Oriental Republic of Uruguay (Spanish: Código Civil de la República Oriental del Uruguay) is a systematic collection of Uruguayan laws designed to comprehensively deal with the core areas of private law such as for dealing with business and negligence lawsuits and practices.
Tourism: Several seaside resorts, like Punta del Este or Punta del Diablo in the south-eastern departments of Maldonado and Rocha, regarded as a jet-set resort in South America, are main attractions of Uruguay. International cruises call at Montevideo from October to March every year. Also, Uruguay hosts many year-round international conferences.
Uruguay is the only country in South America situated entirely south of the Tropic of Capricorn, and is the southernmost sovereign state in the world when ordered by northernmost point of latitude. There are ten national parks in Uruguay : Five in the wetland areas of the east, three in the central hill country, and one in the west along the ...
The first revenue stamp of Uruguay (1871) used on an 1872 document (image cropped). A 1911 revenue stamp of Uruguay. Uruguay has issued revenue stamps since 1871. [1] Uses have included documentary taxes, consular services, and tobacco and alcohol duties. [2]
Uruguay's historical record of financial secrecy has also exacerbated the risks of corruption. It is difficult for foreign countries to obtain records of their residents' undisclosed assets in Uruguay. This secrecy has created fertile ground for individuals to evade taxes in their respective countries of residence.