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Approves The Convention Between The Portuguese Republic And The Eastern Republic Of Uruguay For The Avoidance Of Double Taxation And The Prevention Of Fiscal Evasion With Respect To Taxes On Income And On Capital And The Protocol To The Convention Betw...

Original Language Title: Aprova a Convenção entre a República Portuguesa e a República Oriental do Uruguai para Evitar a Dupla Tributação e Prevenir a Evasão Fiscal em Matéria de Impostos sobre o Rendimento e sobre o Património e o Protocolo à Convenção entre a República Portugue

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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