Uruguay: Changes to valuation of rural properties for purposes of wealth tax
Change to index that must be used as basis for valuations
Decree No. 193/025 (dated September 19, 2025, and published in the Official Gazette on September 25, 2025) introduced changes to the valuation of rural properties for purposes of the wealth tax (IP).
In particular, the decree generally provides that such valuations must be based on the Index of Prices of Agricultural, Forestry, and Fishing Production instead of the Index of Prices of Agriculture, Livestock, Hunting, and Forestry.
Read a September 2025 report (Spanish) prepared by the KPMG member firm in Uruguay