Details of the Romania - Uruguay Income and Capital Tax Treaty (2012), signed on 14 September 2012, have become available. The treaty was concluded in the Romanian, Spanish and English languages, each text having equal authenticity. In the case of divergence, however, the English text prevails. The treaty generally follows the OECD Model (2010). The maximum rates of withholding tax are: -   10% on dividends in general and 5% if the beneficial owner is a company (other than a partnership) holding directly at least 25% of the capital of the company paying the dividends; -   10% on interest,...