February 11, 2020
Uruguay deposits its MLI ratification with the OECD
On 6 February 2020, Uruguay deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with the Organisation for Economic Co-operation and Development’s (OECD) Secretary-General, Angel Gurría.
It will enter into force for Uruguay on 1 June 2020. As of that date, the treaties that Uruguay has with the following countries will change: Belgium, Finland, India, Liechtenstein, Luxembourg, Malta, Singapore, United Arab Emirates and the United Kingdom. Treaties that Uruguay has with other countries may be modified in the future depending on whether those countries adhere to the MLI, ratify the MLI and choose to have the treaty with Uruguay modified.
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