The income and capital tax treaty between Paraguay and Uruguay entered into force on 30 March 2019. The treaty, signed 8 September 2017, is the first of its kind between the two countries. Taxes Covered The treaty covers Paraguayan personal income tax, income tax on commercial, industrial, and services activities, income tax on agricultural activities, and income tax on small businesses. It covers Uruguayan income tax on economic activities, personal income tax, non-resident income tax, social security assistance tax, and capital (wealth) tax. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the...