On 15 January 2015, officials from Singapore and Uruguay signed an income and capital tax treaty. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Singapore income tax, and Uruguayan business income tax, personal income tax, non-resident income tax, social security tax and capital tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contract…