The Uruguayan government approved the draft law for the ratification of the pending income and capital tax treaty with Chile on 1 August 2016. The treaty, signed 1 April 2016, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Chilean taxes imposed under the Income Tax Act, and covers Uruguayan tax on business income, personal income tax, non-residents income tax, tax for social security assistance, and capital tax.
Residence
If a company is considered …