Chile: Details of administrative interpretation on CFC rules disclosed

19 January, 2016

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

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Chile: IMF Working Paper considers impact of structural reforms

30 December, 2015

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

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Chile: Legislation intended to simplify provisions of tax reform 2014

17 December, 2015

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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DTA between Chile and Italy signed

26 October, 2015

A Tax Treaty between Chile and Italy has been signed on 23rd October

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Austria-Chile income tax treaty enters into force

14 October, 2015

The income tax treaty between Austria and Chile entered into force on 9 September 2015. The treaty generally applies from 1 January

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The Trans-Pacific Partnership negotiation completed

10 October, 2015

On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries – Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam – announced conclusion of their

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DTA between Chile and Japan will be negotiated

29 September, 2015

The first round of negotiations for a tax treaty between Chile and Japan will take place from 1st October

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Chile and Uruguay: TIEAs approved by Uruguay

04 September, 2015

The Exchange of Information Agreement (TIEA; 2014) between Chile and Uruguay has been approved by the Senate of Uruguay on 1st September 2015 and it still needs to be enacted by the President and then ratified by

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Chile and United States: DTA approved by Chilean Senate

04 September, 2015

The Income and Capital Tax Treaty (2010) between Chile and United States has been approved on 1st September 2015 by the Chilean

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Chile and Austria: DTA approved by Chilean Senate

04 September, 2015

The Income and Capital Tax Treaty (2012) between Chile and Austria has been approved by the Chilean Senate on 1st September

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Chile: Reporting process of indirect transfer of shares published

03 September, 2015

The Resolution No. 65 has been issued on 30th July 2015 and published on the tax administration's website. As described under article 10 and paragraph 3 of the Income Tax Law on about the indirect transfer of shares, this resolution controls

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Treaty between Argentina and Chile – Chilean guidelines issued on treatment of shipping companies following termination of treaty

15 August, 2015

The tax authority of Chile issued Order No. 1757(the Order) on 6 July 2015 according to which Chilean  shipping companies are obliged to pay income tax under the provisions of article 59 of the Income Tax Law whenever operating with Argentina. Also

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Chile: IRS issues guidelines regarding anti-avoidance rules

14 August, 2015

The Inland Revenue Service (IRS) in Chile has issued total 7 circulars including Circulars 65 and 68 on 23rd July 2015 for giving directions won the anti-avoidance rules enacted as part of Law No. 20780. The circulars contain limitations on the

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Chile: Bill to amend the tax reform of 2014

12 August, 2015

The Finance Ministry has declared that the Government submitted a bill on 10th August 2015 to amend the tax reform of 2014. The main features of the bill will be as follows: The combined income tax regime with income attribution would be

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Chile: Taxation of foreign investors and change of residence

07 August, 2015

The tax authority in Chile has issued Circular No. 1985 in relation to the taxation of Chilean-sourced investment income of foreign investors. The Circular explains the responsibility of the foreign investor to advise any change of residence to

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Chile: Guidance on statement needed to benefit from a tax treaty

04 August, 2015

The Internal Revenue Service has issued Resolution No. 48 along with instructions on 25th May 2015 regarding the contents of a confirmed statement to be requested by a Chilean payer from a beneficiary resident in a tax treaty country due to apply

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Changes to social security agreement between Chile and Netherlands

30 July, 2015

The amendments to the Social Security Agreement (1996) between Chile and the Netherlands were ratified by the Netherlands on 1st July 2015AA. The agreement was signed on 15th June 2005. It has been published in official Gazette No. 316 on 28th

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Chile: Circulars regarding tax reforms issued for corporate income tax purposes

30 July, 2015

The Internal Revenue Service has issued 7 circulars describing the changes announced by Law No. 20,780 of 29 September 2014 to the Income Tax Law: Circular No. 65, provides descriptions on anti-evasion measures; Circulars No. 66 and 67 give

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