Press Releases
Entry into force of the Tax Convention between Japan and Uruguay
June 24, 2021
On June 23, Mr. SHINDO Tatsuhiro, Ambassador of Japan in the Oriental Republic of Uruguay and H. E. Mr. Francisco Bustillo, Minister of Foreign Affairs of the Oriental Republic of Uruguay, exchanged diplomatic notes for the entry into force of the Convention between Japan and the Oriental Republic of Uruguay for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (signed on September 13, 2019) in Montevideo, Uruguay.
- The Convention, therefore, will enter into force on July 23, 2021 (the thirtieth day after the date of exchange of diplomatic notes) and will have effect:
(1) with respect to taxes levied on the basis of a taxable year, for taxes for any taxable years beginning on or after January 1, 2022; and
(2) with respect to taxes levied not on the basis of a taxable year, for taxes levied on or after January 1, 2022. - The provisions concerning the exchange of information and the assistance in the collection of taxes will have effect from July 23, 2021 without regard to the date on which the taxes are levied or the taxable year to which the taxes relate.
- It is expected that, while eliminating double taxation and preventing international tax evasion and tax avoidance, the Convention promotes further mutual investments and economic exchanges between the two countries.
［Reference］
- Convention between Japan and the Oriental Republic of Uruguay for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (PDF)
- Press Release on the Signing of the Convention between Japan and the Oriental Republic of Uruguay for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance