A major tax reform bill came into force on 1 July 2007 with the number 18083. Nevertheless, something important remained: Uruguay applies the source principle, with investments located and activities performed outside Uruguay remaining untouched.
Value added taxes (VAT): basically 18%, but some goods (pharmaceutical, etc.) are taxed with 10%, and fruits and vegetables are not taxed. As of August 2014, the Financial Inclusion Law (Spanish: Ley de Inclusión Financiera) established a 4% tax deduction for sales with debit cards and 2% for credit cards.
Corporate tax: it used to be 30%, since 2007 it was lowered to 25%, but special dispositions can bring this to 33%.
The Schools Tax (Spanish: Impuesto de Enseñanza Primaria) taxing urban rural estate is collected by the National Administration of Public Education.
Regional administrations in the country can establish, collect and control certain taxes through their respective Departmental Councils. The most significant local taxes include the Real Estate Tax, Vehicle Registration Fee and the Food Analysis Tax.
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