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Dividend tax in Uruguay 2026
The company withholds 7% when it declares a dividend out of profits that already paid Uruguayan corporate tax — and that is the shareholder's whole bill.
Two useful outliers: dividends of companies listed on the Uruguayan exchange are exempt, while distributions traced to foreign investment income carry 12%.
At a glance
- top rate
- 12% (distributions of foreign investment income)
- entry band
- 0% for Uruguayan listed-company dividends
- tax year basis
- Withheld when the distribution is declared
- filing deadline
- None for withheld dividends
- residency basis
- Residents; foreign dividends received directly also pay 12%
- regime flag
- Notional-dividend withholding on undistributed old profits
Rates
How dividends are taxed (2026)
| Rate | Base | Applies to |
|---|---|---|
| 7% | Gross dividend | Distributions from profits taxed under Uruguayan corporate income tax — withheld by the company |
| 12% | Gross dividend | Distributions paid out of foreign capital-investment income; foreign dividends received directly by residents |
| 0% | — | Dividends of companies listed on Uruguayan stock exchanges; small sole proprietorships under 4 million indexed units of income |
| 7% | Gross dividend | Non-resident shareholders of Uruguayan companies |
Residency
Residency trigger
Withholding at source closes the matter for residents; since 2017 companies also withhold on notional dividends — profits held back too long are deemed distributed, with credits when real dividends follow.
Non-resident treatment
Non-residents bear the same 7% on distributions from taxed profits; from 2026 dividends paid from untaxed profits can also face the non-resident tax where the recipient's home country taxes them with a credit for Uruguay.
Notes
- Trust distributions to beneficiaries count as dividends under the same rules.
- The transparency regime attributes foreign capital yields of non-resident entities to resident beneficial owners of 5%+ as deemed dividends — from 2026 this applies whatever the entity's jurisdiction.
- New residents inside the tax holiday pay nothing on foreign dividends for up to 11 years — see the income tax page for the regime.
FAQ
What is Uruguay's dividend tax rate?
7% on dividends from profits that paid Uruguayan corporate tax, withheld at source; listed-company dividends are 0% and foreign-income distributions 12%.
Are foreign dividends taxed in Uruguay?
Yes — at 12%, one of the few pieces of foreign income the territorial system reaches; new residents can shelter them under the 11-year holiday.
Figures: tax year 2026, compiled from public sources. Not tax advice.