Uruguay tax revenue declines in September

Tax revenue in Uruguay saw a real year-on-year decrease of 2.9% in September 2026, according to a report from the Dirección General Impositiva (DGI). Total gross revenue amounted to $62,881 million at current prices, while net revenue—after tax refunds—totaled $54,603 million, representing a 1.2% real decline compared to the previous year.

The contraction was primarily driven by the Value Added Tax (IVA), which saw a real decrease of 5.2%. This decline affected both domestic market operations (-5%) and IVA associated with imports (-5.5%). Additionally, the Corporate Income Tax (IRAE) experienced a real year-on-year drop of 3%, totaling $6,997 million.