Uruguay has recently signed an agreement (the “Agreement”) to facilitate the exchange of such information. This is to the extent that the information may be foreseeably relevant for the assessment and collection of taxes, as well as for the investigation and prosecution of tax cases. In principle, the Agreement would not allow the exchange of tax…

Earlier this week, the Brazilian Official Gazette published the Double Taxation Treaty entered into between Brazil and Uruguay in 2019 and enacted by the Brazilian Congress earlier this year (“the Treaty”). Main provisions of the Treaty are summarized below: (i) Dividends: Can be subject to a withholding tax at the source - i.e., where the company distributing…