Uruguay's 12% tax on foreign capital income starts collecting in July. New residents must pick a holiday, a reduced rate or the full rate. What to do now.

Uruguay's 12% tax on foreign capital income starts collecting in July. New residents must pick a holiday, a reduced rate or the full rate. What to do now.

New Uruguayan tax residents must make a one-time, irrevocable choice before July's collection starts: the ~11-year tax holiday, a reduced rate, or the 12%.