On 19 May 2014, the Uruguayan Chamber of Senators approved for ratification the tax treaty with Vietnam. The treaty was signed on 9 December 2013, and includes the following withholding rates

• Dividends - 5% if the beneficial owner is a company that holds at least 70% of the paying company's capital, otherwise 10%
• Interest - 10%
• Royalties - 10%

The treaty will enter into force after the ratif…