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07 April 2025

Uruguay presents bill proposal to approve double taxation treaty with Turkiye

  • The Uruguay-Turkiye Double Taxation Treaty (DTT) was signed on 12 November 2024, and presented to the Uruguayan Parliament on 25 February 2025 for approval.
  • The DTT aims to eliminate double taxation and enhance economic ties between Uruguay and Türkiye, promoting international tax cooperation.
  • The DTT will take effect for withholding taxes on amounts paid or credited from 1 January 2025, and for other taxes starting from tax periods beginning 1 January 2025 once the treaty come into force.
 

On 25 February 2025, the Uruguayan Executive Power presented a bill to the Uruguayan Parliament to approve the Double Taxation Treaty (DTT) between Uruguay and Turkiye. The DTT was signed by both countries on 12 November 2024. The bill can be accessed here (only in Spanish).

According to the bill, the DTT would provide legal certainty, which would contribute to the Agreement on the Promotion and Reciprocal Protection of Investments signed in 2021. The DTT seeks to eliminate double taxation, promote and protect economic ties and enhance international tax cooperation through information exchange with Turkiye.

The DTT will come into force once it is ratified by the Uruguayan Parliament and the corresponding notifications are exchanged between the countries, as stated in article 29 of the treaty.

The provisions of this DTT will take effect as follows:

  • For withholding taxes, the DTT will be applied to amounts paid or credited from 1 January.
  • For other taxes, the DTT will be applied to tax periods starting from 1 January once the treaty come into force.
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Contact Information

For additional information concerning this Alert, please contact:

EY Uruguay, Montevideo

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

Document ID: 2025-0829

 
 

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