Updated: Tax Information Exchange Agreement with Uruguay/UK has been added.
2016 Uruguay – UK tax treaty: double taxation convention
The double taxation convention was signed on 24 February 2016 and entered into force on 14 November 2016.
The convention takes effect for:
a) taxes withheld at source, for amounts paid or credited on or after 1 January 2017
b) other taxes, for taxable periods (and in the case of UK Corporation Tax, financial years) beginning on or after the 1 January 2017
Notwithstanding the provisions in a) and b) above, the provisions of:
a) Article 21 (Capital) of this convention shall not take effect unless the Contracting States so agree through an exchange of diplomatic notes
b) Article 25 (Mutual agreement procedure) and Article 26 (Exchange of information) effective from 14 November 2016, without regard to the taxable period to which the matter relates
Tax Information Exchange Agreements
The UK-Uruguay Tax Information Exchange Agreement (TIEA) was signed in London on 14 October 2013. It entered into force on 20 October 2016 and has effect in both countries for:
criminal matters on 20 October 2016
all other matters covered in Article 1, on 20 October 2016, but only in respect of taxable periods beginning on or after that date, or where there is no taxable period, all charges to tax arising on or after that date