On 1 March 2021, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered into force for Chile on 1 March 2021.

The MLI is generally effective from 1 January 2022 in respect of withholding taxes and for taxable periods beginning on or after 1 September 2021 in respect of other taxes (six months after entry into force). Chile signed the MLI on 7 June 2017 and deposited the instrument of ratification on 26 November 2020.