Liechtenstein, Uruguay Sign DTA


Uruguay’s Economic and Finance Minister Fernando Lorenzo and Liechtenstein’s ambassador in Bern Hubert Büchel have recently signed in Bern a double taxation agreement (DTA) between the two countries, conforming to the Organization for Economic Cooperation and Development’s (OECD) model convention.

According to Liechtenstein’s administration, the agreement takes into account the economic needs and interests of both countries in an 'appropriate and innovative way.' The agreement is due to enter into force following completion of the domestic ratification process, and is due to apply to tax years following entry into force.

The Principality's government said that the signing of the DTA with Uruguay not only reflects Liechtenstein’s commitment to cooperating internationally in tax matters, by seeking to construct a network of DTAs, but also serves to increase legal certainty in economic relations between both countries.