Uruguay has ratified the pending tax information exchange agreement with the Netherlands through the promulgation of Law 19,375 on 18 March 2016. The agreement, signed 24 October 2012, is the first of its kind between the two countries and is in line with the OECD standard for information exchange. It will enter into force on the first day of the second month following the exchange of the ratification instruments, and will apply for criminal tax matters from the date of its entry into force and for all other matters concerning tax periods beginning on or after that date.