On 19 May 2014, the Uruguayan Chamber of Senators approved for ratification the tax treaty with Vietnam. The treaty was signed on 9 December 2013, and includes the following withholding rates
- Dividends - 5% if the beneficial owner is a company that holds at least 70% of the paying company's capital, otherwise 10%
- Interest - 10%
- Royalties - 10%
The treaty will enter into force after the ratification instruments are exchanged and will apply from 1 January of the year following its entry into…