High tax pressure multiplies the number of Argentines who apply for tax residency in Uruguay

An average taxpayer in Argentina works approximately half a year just to pay taxes. "Uruguay receives Argentines with 10 years of tax vacations for everything they have outside the country", says a tax expert

RIO DE JANEIRO, BRAZIL - An average taxpayer in Argentina works approximately half a year to pay taxes. The effective tax burden reaches up to 48% of the Gross Domestic Product (GDP) and will increase in 2022.

Meanwhile, the number of Argentines who took out tax residency in Uruguay tripled from 2019 to 2020, and that figure doubled again in 2021, according to official local government records.

Read also: Check out our coverage on Argentina

The numbers correspond to a new report by Ieral of the Fundación . . .

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