On January 22, 2026, Uruguay and Korea mark the thirteenth anniversary of the entry into force of the Agreement for the Avoidance of Double Taxation and the Prevention of Tax Evasion, signed on November 29, 2011.
The agreement applies to eligible income and wealth taxes in each country. In the case of Uruguay, it covers taxes on income from economic activities, personal income, non-residents, social security contributions, and wealth. Korea, on the other hand, applies income tax, corporate tax, special tax for rural development, and local income tax.
The agreement consolidates the economic relationship between both states by providing greater certainty for investment conditions and promoting cooperation between the tax administrations of the two countries.
