Legal Alert: Entry into force of Double Taxation Avoidance Treaty between Chile and the United States
On December 19, 2023, the United States notified Chile that it has completed the procedures for the entry into force of the Double Taxation Avoidance Treaty (“DTT”) between Chile and the United States.
With this notification, the ratification procedures in Chile and the United States have been completed, so the DTT will be applicable as of 2024. For Withholding Taxes levied by the Source State of an item of income, the DTT will apply to amounts paid on or after February 1, 2024. For other taxes, it will apply for tax periods beginning on or after January 1, 2024.
For more details on the content of this Treaty, you may review the legal alert prepared by our tax team in June of this year here.
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* This report provides general information on certain legal or commercial issues in Chile, and is not intended to analyze in detail the matters contained herein, nor is it intended to provide specific legal advice on such matters. The reader is advised to seek legal advice before making any decision regarding the matters contained in this report. This report may not be reproduced by any means or in any part without the prior consent of DLA Piper Chile.