According to an update from the Uruguay tax administration, the income and capital tax treaty with the United Kingdom entered into force on 14 November 2016. The treaty, signed on 24 February 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers UK income tax, corporation tax, and capital gains tax. It covers Uruguayan business income tax, personal income tax, non-residents income tax, tax for social security assistance, and capital tax. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of...