15 December 2016 Uruguay approves tax treaty with Singapore On November 24, 2016, Uruguay's Parliament approved the Treaty to Avoid Double Taxation with Singapore through Law No. 19,457. The treaty includes an information exchange clause and will enter into force 15 days after the date on which the countries inform each other that they have complied with the local legal requirements. For Uruguay, the treaty will apply to income taxes, the Social Security Assistance Tax and Net Wealth Tax paid or credited from January 1st of the year following its entry into force. The information exchange clause will apply to applications for the exchange of information for tax periods beginning on or after January 1st of the first calendar year following the year in which the treaty entered into force. If there are no tax periods, it will apply to tax liabilities arising from January 1st of the first calendar year following the year in which the treaty entered into force.
Document ID: 2016-2145 | |||||||||||||||||||
