Uruguay published Law 20.124 in the Official Gazette on 11 April 2023, which includes amendments in relation to individual income tax (IRPF) and social security assistance tax (IASS). The main amendments are summarized as follows:
- The annual deduction limit for expenses for dependent children, such as education, food, housing, and healthcare not covered by the National Healthcare Fund (FONASA), is increased from 13 BPC to 20 BPC per child, doubled in the case of disabled children;
- The maxim…