The Parliament of Uruguay accepted the treaty with Singapore for the avoidance of double taxation on 24 November 2016 through Law No. 19,457. The treaty contains a provision on exchange of information which will enter into force within 15 days after both countries confirm each other that they have conformed to their legal necessities.
The treaty will apply in Uruguay to income taxes, the Social Security Assistance Tax and Net Wealth Tax paid or credited from 1 January of the year following the entry into force of the treaty.
