On 16 January 2023, the government of Uruguay has released Decree No. 419/022, which outlines the minimum amounts of monthly advance payment for corporate income tax (IRAE) for the financial year (FY) 2023. The minimum payments are determined in the following range based on the gross revenue in the previous year and are calculated using a reference amount of 305,000 indexed units:
- UYU 16,840 – over 24 times the reference amount.
- UYU 13,470 – over 12 times the reference amount up to 24 times.
- UYU 9,940 – over 6 times the reference amount up to 12 times.
- UYU 7,400 – over 3 times the reference amount up to 6 times.
- UYU 6,770 – up to 3 times the reference amount.
The decree also establishes the monthly UYU 5,170 advance tax amount under the small business tax regime for the FY 2023.
