Uruguay published Decree No. 118/023 in the Official Gazette on 20 April 2023, which contains certain regulations for the implementation of Law 20.124 and other amendments. As previously reported, Law 20.124 introduced amendments in relation to individual income tax (IRPF) and social security assistance tax (IASS). In addition to the regulations for the implementation of Law 20.124, Decree No. 118/023 provides for an increase in the income limits for individuals to apply for the simplified …