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The Latin Grammy Award for Song of the Year is an honor presented annually at the Latin Grammy Awards, a ceremony that recognizes excellence, creates a wider awareness of cultural diversity and contributions of Latin recording artists in the United States and internationally. The award is given to the songwriters of new songs containing at least 51% of lyrics in Spanish or Portuguese language. Instrumental songs or a new version of a previously recorded track are not eligible. Due to the increasing musical changes in the industry, from 2012 the category includes 10 nominees, according to a restructuration made by the academy for the four general categories: Album of the Year, Record of the Year, Best New Artist and Song of the Year.

Eleven of the thirteen awarded songs have also earned the Latin Grammy for Record of the Year, which unlike this category, is given to songs that were released on a promotional level, and the prize is given to the performer, producer and audio engineer.

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