DTA between Chile and Japan approved
The Income Tax Agreement (2016) between Chile and Japan has been approved by the Chilean Senate on 14th December 2016 due to avoid double
See MoreDTA between Chile and Italy approved
The Income Tax Treaty (2015) between Chile and Italy has been approved by the Chilean Senate on 14th December 2016 for the avoidance of double
See MoreDTA between Chile and Czech Republic approved
An Income and Capital Tax Treaty (2015) between Chile and Czech Republic has been approved by Chilean Senate on 14th December 2016 for the avoidance of double
See MoreDTA between Chile and China (People’s Rep.) enters into force
The Income Tax Treaty (2015) between Chile and People's Republic of China has been entered into force on 8th August 2016 and it generally applies from 1st January
See MoreChile: Document regarding tax reform publishes
The tax administration has published a document entitled ‘Keys to Understanding the Tax Reform’ on 7th October 2016 on its website. The purpose of this document is to explain the opportunity of the tax reform. The document includes questions and
See MoreTIEA between Chile and Jersey approved by Jersey
The Exchange of Information Agreement (2016) between Chile and Jersey has been approved by Jersey's States Assembly on 11th October
See MoreDTA between Argentina and Chile enters into force
The Income and Capital Tax Treaty (2015) between Argentina and Chile has been entered into force on 11th October 2016 and the treaty generally applies from 1st January 2017 in Argentina for withholding and other taxes and 1st January 2010 in Chile
See MoreChile: IRS publishes final instructions on 2014 Tax Reform and 2015 Simplification Law
The Internal Revenue Service (IRS) of Chile has published the last set of Circulars (Circular no. 40, 41, 42, 44, 48 and 49) along with instructions on the amendments introduced by the 2015 Simplification Law (Law 20,899) on 13th and 14th July 2016.
See MoreTIEA between Chile and Uruguay ratified
The Exchange of Information Agreement (2014) between Chile and Uruguay has been ratified by Uruguay on 20th May 2016 under the Law No.
See MoreChile: Government declares a bill to boost productivity
The Ministry of Finance declared on 6th May 2016 that the government had approved a bill to increase productivity. Tax measures contain: Expand the definition of export services to incorporate further services for VAT exemption upon
See MoreChile: IRS specifies how to claim WHT relief on commissions paid on unreported transactions
Law 20,899, which enacted on 8th February 2016, allows Chilean companies to pay a 32% substitute tax on all or part of their accumulated taxable profits balances from 31 December 2015 to 31 December 2016. They may also credit any corporate taxes
See MoreChile: Tax authorities investigate taxpayers with companies in tax havens
On 4th April 2016, the tax authorities have announced that currently they are inspecting Chilean taxpayers owning companies located in tax havens, as a result of the "Panama Papers". This investigation aims to confirm the correct and full compliance
See MoreDTA between Chile and Uruguay signed
An Income and Capital Tax Treaty (DTA) between Chile and Uruguay has been signed on 1st April 2016 in
See MoreChile: IRS established an obligation to submit a new affidavit aligned with BEPS
According to tax audit strategy of Chile, the Internal Revenue Service (IRS) has improved its formal requirements for Chilean taxpayers. On 24th December 2015, the IRS established an obligation to submit an affidavit F.1913 (Annual Return of Global
See MoreChile: Law to simplify structural tax reform of 2014 published
Law No. 20.899 was published in the Official Gazette on 8th February 2016. This Law simplifies the implementation of the tax reform 2014 in matters regarding provisions of the tax code, income tax and VAT, among others. Under the tax reform of 2014
See MoreChile: Details of administrative interpretation on CFC rules disclosed
The Circular 30 of the tax administration has been effected from January 1, 2016. It was published in the official gazette on May 14, 2015. The main features of the CFC rules are as follows: A controlled foreign entity exists where a Chilean
See MoreChile: IMF Working Paper considers impact of structural reforms
On 29 December 2015 the IMF published a Working Paper entitled Long-term Gain, Short-Term Pain: Assessing the Potential Impact of Structural Reforms in Chile. IMF Working Papers are published for the purpose of encouraging comments and do not
See MoreChile: Legislation intended to simplify provisions of tax reform 2014
The Government of Chile has sent to Congress a bill on 15th December 2015 that would make changes to the tax reform legislation enacted in 2014. The current legislative proposal is planned to simplify certain aspects of the tax reform 2014. It is
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