Details of the income and capital tax treaty and its protocol between Uruguay and Portugal, signed on 30 November 2009, have become available. The treaty was concluded in the Spanish, Portuguese 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 Convention. The maximum rates of withholding tax are: -   10% on dividends in general; and 5% if the beneficial owner holds directly at least 25% of the capital of the company paying the dividends; -   10% on interests; and -   10%...