Key Benefits:
CHAIR OF THE COUNCIL OF MINISTERS
Proposal for Resolution n.
This resolution approves the Convention between the Portuguese Republic and the Republic
East of Uruguay to Avoid Double Taxation and Preventing Tax evasion in matter
of Taxes on the Throughput and on the Heritage, and the respective Protocol, both
signed on November 30, 2009, in the Estoril.
The said Convention fundamentally aims to eliminate or mitigate double taxation
international in the different categories of income earned by residents in
any of the two Contracting States and prevent tax evasion.
Establish rules to delimit the competency of each state to tax
income, particularly the derivatives of real estate, of the activities
business, dividends, interest, royalties , dependent work income and
independent, and pensions.
The adoption of this Convention contributes to the creation of a tax framing more
stable and transparent for investors of both states and, to that extent, may
positively influence the development of trade and promotion of the
investment flows between Portugal and Uruguay, eliminating tax barriers to movement
of capitals, technologies and people.
It is, on the other hand, an instrument of the utmost importance for bilateral cooperation
in tax matters, in particular through the exchange of information, with a view to preventing the
tax evasion.
This Convention applies to taxes on the income required by each of the
Contracting States, their political or administrative subdivisions and their local authorities,
regardless of the system used for your charging.
CHAIR OF THE COUNCIL OF MINISTERS
Proposal for Resolution n.
It thus covers all taxes incidents on the total income or on installments of the
income, including taxes on gains derived from the disposal of goods
securities or real estate, the taxes on the overall amount of wages paid by the
companies, as well as taxes on the most-valuable ones.
Thus:
Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the
Assembly of the Republic the following motion for a resolution:
To approve the Convention between the Portuguese Republic and the Eastern Republic of Uruguay for
Avoiding Double Taxation and Preventing Tax Evasion on Taxes on the
Income and on the Heritage and the Protocol to the Convention between the Republic
Portuguese and the Eastern Republic of Uruguay to Avoid Double Taxation and Prevent the
Tax Evasion on Income Tax and on Heritage,
signed in the Estoril on November 30, 2009, whose texts, in the authenticated versions,
in the Portuguese, Spanish and English languages, if they publish in attachment.
Seen and approved in Council of Ministers of September 23, 2010
The Prime Minister
The Minister of State and Foreign Affairs
The Minister of the Presidency
The Minister of Parliamentary Affairs