Chile and China sign DTA

02 July, 2015

The Double Tax Agreement (DTA) between Chile and China was signed on 25th May 2015. The treaty follows OECD guidelines. Article 5 of the treaty defines a permanent establishment and article 10, 11, 12 and 13 allocate taxing rights for dividends,

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WTO conducts trade policy review of Chile

26 June, 2015

On 23 and 25 June 2015 the World Trade Organization (WTO) conducted a trade policy review of Chile. The review was based on a report issued by the government of Chile and a report by the WTO secretariat. The WTO notes in its report that Chile was

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Argentina: New tax treaty with Chile

01 June, 2015

The governments of Argentina and Chile signed a new treaty for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital and to Prevent Fiscal Evasion and Tax Avoidance in accordance with the OECD Model Convention on 15 May

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Chile: Circular 30 regarding administrative interpretation published

19 May, 2015

A Circular 30 of the tax administration (Servicio de Impuestos Internos, SII) about SII's administrative interpretation concerning amendments introduced by Law 20,780 to the Income Tax Law and specifically, it contains the new article 41 G on CFC

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Chile: Tax administration clarifies tax treatment of gains from exclusion of shares

30 April, 2015

Tax administration has issued Ruling 1016 of 14th April 2015 which explains the tax treatment of gains from the alienation of shares issued by joint-stock companies incorporated in Chile. Those gains are omitted from income tax, inter alia, under

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DTA between Chile and China (People’s Rep.) initialed

23 April, 2015

The Income Tax Treaty between Chile and China (People's Rep.) has been initialed on 21st April 2015 and is being expected to be signed in May

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DTA between Chile and Argentina signed

22 April, 2015

The Income Tax Treaty between Chile and Argentina has signed on 22nd April 2015. Future information related to this treaty will be reported

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Social security agreement between Chile and United Kingdom entered into force

24 March, 2015

The Social Security Agreement between Chile and United Kingdom will be entered into force and effective on 1st June

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Chile: Tax administration clarifies income tax treatment from bonds and other debts instruments

06 March, 2015

The tax administration has issued Ruling 604 of 25th February 2015 that describes income tax treatment derived by non-residents from bonds and other debt instruments. Article 1 of Law 20, 780 to article 11 of income tax law has introduced amendments

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Chile: Administrative interpretation on 2015 tax amnesty

02 March, 2015

The tax administration has released circular 8 on 23rd January 2015 that gives the SII administrative interpretation regarding a tax amnesty announced by Law 20,780 which is effective in 2015. According to article 24 of transitory law 20,780,

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Chile: Changes to Thin Capitalization rules

19 February, 2015

The Circular 12 regarding amendments to the thin capitalization rules introduced by Law 20,780 of the tax administration has released in the Official Gazette of 5th February 2015. From 1st January 2015, thin capitalization rules are directed by

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Chile: Special income tax regime for small taxpayers

30 January, 2015

Provided by article 14 of the Income Tax Law (LIR) as amended by Law 20,780, the tax administration of Chile has released “Circular letter 69” on 6th January 2015 that gives the administrative interpretation of the new special income tax regime

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Chile: Tax reform implications for foreign investors

27 January, 2015

Foreign investors in Chile require to consider the effect of tax reform changes. According to the prior tax regime, Chile had a combined tax system whereby the corporate income tax paid by the Chilean entity was added to the foreign shareholder tax

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Chile: Law No. 20.780 has enacted with different aspects

10 October, 2014

A tax reform entitled “Law No. 20.780” related to foreign investor has published on 29 September 2014 which is effective from 1st October 2014. This creates different regimes subject to Corporate Income Tax (CIT) from 1st January 2017. The CIT

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Chile-Hong Kong: FTA enters into force

06 October, 2014

The Free Trade Agreement (FTA) between Chile and Hong Kong will enter into force on 9 October 2014 which was signed on 7 September

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Chile: Tax reform has approved by Chilean Congress

16 September, 2014

The bill of Law amending the tax regulations has been approved by the Chilean Chamber of Representatives on September 10, 2014. Currently, the Congressional steps have been settled; the Chilean Government must publish the Bill of Law to enact it.

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Chile: Amendments in tax bill propose new corporate tax system

14 August, 2014

The Government has published a bill to adjust the proposals in the original tax reform legislation. The amendments to the tax reform bill are given below: A new corporate income tax system would build under which taxpayers could be able to choose

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Chile: The Senate endorses tax reform bill

20 July, 2014

According to a statement from the Ministry of Finance, the Chilean Senate has approved tax reform bill from the President on July 15, 2014. An agreement between the government and the Senate's Finance Committee has taken place earlier this month for

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