On 18 September 2019, Mr. Tabaré Vázquez, the president of Uruguay signed the law for the ratification of the multilateral convention to implement Double Taxation Agreement (DTA) related measures to prevent Base Erosion and Profit Shifting (BEPS) (MLI), which Uruguay signed on 7 June 2017. Uruguay must now deposit its instrument of ratification to bring the MLI into force for its covered DTAs.
Furthermore, lower house of General Assembly of Uruguay approved the bill for the ratification of the multilateral convention to implement Double Taxation Agreement (DTA) related measures to Prevent BEPS (MLI) on 10 September 2019.