On 29 August 2016, the Uruguayan Senate approved the pending income and capital tax treaty and pending tax information exchange agreement with the UK. The treaty, signed 24 February 2016, is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged ({News-2016-05-24/T/6- previous coverage}). The tax information exchange agreement, signed 14 October 2013, is also the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged.