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Canada Signs TIEA with Uruguay - by Raphael Barchichat 

Global Tax Adviser


February 12, 2013


Raphael Barchichat
Montreal, International Corporate Tax


Finance has announced that Canada signed a new Tax Information Exchange Agreement (TIEA) with Uruguay on February 5, 2013. Based on the OECD's internationally agreed standard, a TIEA sets out a framework for exchanging information between countries to assist in the administration and enforcement of tax laws.

Canada's TIEA with Uruguay will enter into force after both countries have notified the other that they have ratified the agreement (under Article 12).


Generally, a signed TIEA comes into force once it has been ratified by both countries, however the ratification process can be lengthy. To come into force, a signed TIEA must first be tabled in the House of Commons. Then, after it is ratified by the Department of Foreign Affairs and International Trade, notification is sent to the other country or countries involved.


For more information, contact your KPMG adviser.






Information is current to February 12, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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