Taxation For Foreign Residents

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“Kathleen, I was informed that Uruguay has now implemented taxation on its citizens’ worldwide income just like the United States. Have you heard anything about this? What about foreign residents? Are they liable for a tax on their worldwide income now, too?”

–Jay C., United States

The short answer is that, yes, Uruguay has decided to start taxing the worldwide income of its citizens but, no (thankfully), not of its foreign residents, as it had briefly considered. You can get more info on Uruguay here.

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