Details of the first-time income and capital tax treaty and protocol between Spain and Uruguay, signed on 9 October 2009, have become available. The Treaty was concluded in the Spanish language and generally follows the OECD Model Convention. Details of the Treaty are summarized below. The maximum rates of withholding tax are: -   5% on dividends in general, 0% if the recipient is a company holding directly at least 75% of the capital of the company paying the dividends (Art. 10(2) of the Treaty); -   10% on interest (Art. 11(2) of the Treaty). Interest received by the government...