Bitcoin & cryptocurrency tax overview
Capital Gains Tax
Uruguay does not impose a specific capital gains tax on crypto disposals for individual holders under IRPF. Gains from crypto sales by individuals are generally not taxed unless deemed business income. Rate: 0% for passive individual holders.
Income Tax
Mining and staking rewards received by individuals operating as businesses may be subject to IRAE (corporate income tax) at 25%. Casual individual recipients may not owe IRPF, but classification depends on activity regularity. Not clearly established for all scenarios.
VAT / GST
Exempt. Cryptocurrency transactions are generally not subject to IVA (VAT) for individual holders in Uruguay. The DGI has not imposed VAT on crypto buying or selling by individuals.
Mining Tax
Miners operating as businesses or sole traders are subject to IRAE at 25% on net income. Individuals mining casually may fall outside IRAE but classification is not clearly established as of January 2026.
Uruguay is considered a relatively crypto-friendly jurisdiction. Individual holders generally do not pay capital gains tax or IRPF on crypto disposals, as passive investment gains are not clearly taxed under current rules. Business activities involving crypto, including mining, may trigger IRAE at 25%, and taxpayers should seek local advice as formal DGI guidance on crypto remains limited.
Community-sourced data. If you spot an error, please let us know.
This information is for general reference only and should not be considered tax advice. Tax laws change frequently and may vary based on individual circumstances, residency status, and transaction type. Always consult a qualified tax professional in your jurisdiction before making financial decisions based on this information.