October 30, 2019
Uruguay’s President signs Multilateral Convention to adapt Uruguay’s treaties to avoid double taxation in accordance with the BEPS plan
Uruguay’s President signed the Multilateral Convention (MLI), approved by Parliament on 11 September 2019. The MLI will automatically adapt several bilateral double taxation treaties signed by Uruguay to the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) principles. The MLI will enter into force after Uruguay deposits it with the OECD and approval by the other States is verified.
For additional information with respect to this Alert, please contact the following:
Ernst & Young Uruguay, Montevideo
Ernst & Young, LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin America Tax Desk, Japan & Asia Pacific