Uruguay Expands Tax Treaty Network


Uruguay and Finland have signed an agreement to avoid double taxation with respect to taxes on income and on capital. As with all agreements signed recently, Uruguay adopted the international standards and technical recommendations from the Organization for Economic Cooperation and Development (OECD).

The new head of the Tax Advisory, Ministry of Economy, Nelson Hernandez, said that Uruguay needs just one more treaty to be removed from the OECD "grey list".

Prior to this week, Uruguay had signed agreements in line with the OECD standard with Germany, Mexico, Spain, Portugal, and France. Four more agreements to avoid double taxation including the information exchange standard of the OECD were then signed in succession with Liechtenstein, Switzerland, Malta and Finland.

Quelle: Tax-News.com