Information about Uruguay Minimum wage and taxes.

The minimum wage in Uruguay has been determined as 18,956 Uruguayan Pesos (UYU) gross per month as of 2021. This fee is before taxes and other deductions. The tax system in Uruguay has a gradual structure. The tax rate varies depending on the amount of income. A lower tax rate applies to those with income below a certain amount, while a higher tax rate applies to those with higher incomes. Income tax rates in Uruguay are as follows: - 0%: Revenues between 0 - 28.125 UYU - 10%: Income between 28,126 - 56,250 UYU - 15%: Income between 56.251 - 84.375 UYU - 20%: Income between 84,376 - 112,500 UYU - 22%: Income between 112,501 - 140,625 UYU - 25%: Income between 140,626 - 168,750 UYU - 30%: Income between 168,751 - 196,875 UYU - 36%: Income between 196,876 - 225,000 UYU - 37%: Income between 225,001 - 253,125 UYU - 38%: Income between 253,126 - 281,250 UYU - 39%: Income between 281,251 - 309,375 UYU - 40%: Income between 309,376 - 337,500 UYU - 41%: Income between 337,501 - 365,625 UYU - 42%: Income between 365,626 - 393,750 UYU - 43%: Income between 393,751 - 421,875 UYU - 44%: Income between 421,876 - 450,000 UYU - 45%: Income between 450,001 - 478,125 UYU - 47%: Income between 478,126 - 506,250 UYU - 48%: Income between 506.251 - 534.375 UYU - 49%: Income between 534,376 - 562,500 UYU - 50%: Income of 562,501 UYU and above There are also social security cuts in Uruguay. These deductions are made to fund services such as pensions, health care, and other benefits. Social security deductions are applied as a percentage of gross pay and vary depending on the employee's income. While the above information provides a general overview, details regarding tax and social security deductions may vary depending on a person's income level, employment status, and other factors. Therefore, it is important to contact the competent tax authorities in Uruguay or an accountant to obtain complete and up-to-date information.