The income and capital tax treaty between the United Kingdom and Uruguay was signed on 24 February 2016. The treaty 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 the treaty through mutual agreement. If no agreement is reached, the company will...