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Lacalle Pou convened the Multicolor and Economy Coalition

Lacalle Pou convened the Multicolor and Economy Coalition

Within the economic team will be the owner of the Ministry of Economy and Finance (MEF), Azucena Arbeleche, to discuss the repercussions of the announcement of the tax reduction. The last meeting between the leaders of the Multicolor Coalition took place on October 31, 2022, where a joint strategy was agreed to promote educational reform.

Lacalle Pou and Arbeleche finalize details on the tax reduction

Last Tuesday, February 21, Lacalle Pou had received Minister Arbeleche in Suárez seeking to finalize details for the tax reduction that will be announced in Parliament. According to the head of the MEF, The measure will not imply a tax increase for Uruguayans who have funds abroadas proposed Town meeting.

On Friday, February 17, Arbeleche assured the press that This tax reduction will be “permanent” and it will be felt over the years “in people’s pockets”. In principle, it is known that the initiative would apply on the lower bands of both taxes. However, it is still unknown how big the cut will be.

During the President’s address to the general Assembly there will be no militants outside. He National Party He resolved not to call for mobilization in the vicinity of Parliament. In any case, those who wish to approach spontaneously will be able to do so.

Taxable minimums and income tax and IASS ranges

Since the last update of the Benefits and Contributions Base (BCP) last month, the IRPF taxable minimum became 39,620 pesos per monthwhile that of the IASS, which is annually settled, of 543,460 pesos per year (45,280 pesos per month).

Meanwhile, the stripes of the personal income tax and their respective rates were as follows:

  • Of 39,621 pesos to 56,600 pesos: rate of 10%
  • Of 56,601 pesos to 84,900 pesos: rate of fifteen%.
  • Of 84,901 pesos to 169,800 pesos: rate of 24%
  • Of 169,801 pesos to 283,000 pesos: rate of 25%
  • Of 283,001 pesos to 424,500 pesos: rate of 27%
  • Of 424,501 pesos to 650,900 pesos: rate of 31%
  • Of 650,901 onwards: rate of 36%.

by the side of IASSthe tax levied on retirements was left with these scales:

  • Of 543,460 pesos to 1,018,800 pesos (84,900 pesos per month): interest rate 10%.
  • Of 1,018,801 pesos to 3,396,000 pesos (283,000 pesos per month): interest rate 24%.
  • Of 3,396,001 pesos onwards: rate of 30%

Source: Ambito

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