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UruguayLiving.com

 
Broken promises and failed hopes…
This is the journal of The Southron, an Emigrant from Florida who has spent almost 5 years in Uruguay...

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Archive for the 'Taxes' Category

Legal Report on Tax Law Reform in Uruguay

Posted by The Southron on August 27th, 2010

The Southron commissioned the following report to be prepared by the ONLY attorney he recommends, Dr. Mark Teuten of Teuten Abogados (http://www.teutenabogados.com/ebrochure/english/index.html).  It is offered here for your information. Introduction: The Executive has sent a text to the Uruguayan parliament which would incorporate major changes in the current regime of Income tax, Asset tax and [...]

More on the New Tax Law

Posted by The Southron on June 21st, 2010

The following was sent to me by a local attorney.  I am not sure whether the information is correct of not.  I am still in “watch and see” mode, but I hope he is correct. Unfortunately, much of what the press articles and blogs have been saying is more alarming than the reality. It has [...]

Yellow Light: You better think twice about living in Uruguay!

Posted by The Southron on June 17th, 2010

After more than 4 years of living in Uruguay and promoting it to the world as a good place to live and in which to invest, I must now, in all fairness, tell you that things have changed…for the worse. In the last four years I have seen a negative trend that leaves me shaking [...]

How to stop inward investment: Part 37

Posted by The Southron on March 24th, 2009

One of the very best things about being resident and working in Uruguay is that everyone who pays into BPS (social security) is entitled to participate in one of the Health Insurance Plans, which I have found to be very good.  As you know, from previous articles, I use COSEM, and have been delighted with [...]

The US$80,000 earned income exclusion and the New Uruguay Tax Law

Posted by The Southron on July 20th, 2007

This post is only useful for citizens and refugees from the USA (and the occupied Confederacy). The big question is how do we keep our US$80,000 exclusion on earned income without running afoul of Uruguay’s new personal income tax. I wrote about that previously in Avoiding the US/UY tax trap… As you may know, my [...]

The Taxman cometh…

Posted by The Southron on July 20th, 2007

There has been a lot of confusion in immigrant circles about exactly how the new personal income tax will impact on their lives here in Uruguay. As a public service, our attorney, Jun Federico Fischer of LVM Abogados & Consultores has written the folowing extremely valuable article and given me permission to publish it. Juan’s [...]

Bigger and even more important news!

Posted by The Southron on March 11th, 2007

After months of waiting, the printed version of “The Southron’s Guide to Living in Uruguay” is finally available online at: http://www.lulu.com/content/579686.

The taxman cometh???

Posted by The Southron on November 4th, 2006

I have no preference for either party in the upcoming elections in the US. I have not voted since I left the US in the spirng of 1998. I am, by inclination a libertarian, but those urges are tempered by an inherent utilitarianism–I simply seek things that are the least intrusive, have the least coercion, [...]

Avoiding the US/UY tax trap…

Posted by The Southron on November 3rd, 2006

One of the members of the SociedadSouthron.net forum was shocked when he realized that the new Uruguay personal income tax, due the middle of next year, will create a tax conundrum for US persons: Uruguay will not levy income tax on any foreign “unearned income” such as dividends, pensions, annuities, and other income from investments, [...]


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