NUEVO IMPUESTO EN INVERSIONES Para Uruguayos [EXPLICADO]

One of the most frequent questions many investors have before starting to invest is what taxes they must pay on their investments. Until last year, we had a fairly favorable regulatory framework where we only paid taxes on returns in the form of distributions (coupons, dividends, etc.) but didn't pay any taxes on the price increase of the assets we bought. In other words, an investor who bought, for example, an accumulating ETF could invest for decades, generate significant returns, and not pay any taxes on those gains. This changes from 2026 onwards, and in this video, along with Wilington Pardo, we discuss and explain the new regulations and updates available to us so far.