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Event Brief

Uruguay imposes 12% tax on foreign passive income

Uruguay will tax residents on foreign passive income at a flat 12%, with an 8% rate in a narrow custody case.
WHO: Uruguay
WHAT: Uruguay taxes tax residents on foreign passive income at a flat 12%, with an 8% reduced rate in a specific intermediary custody scenario.
WHEN: Reported Aug 6, 2026 at 4:04 AM ET
WHERE: Uruguay
WHY: Uruguay changed its tax system to tax residents on foreign passive income rather than using its prior territorial approach.

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