Chilean Congress asked to approve double tax treaty with United States

On 25 October 2023, the Government of Republic of Chile submitted to the Chilean Congress for approval the Convention between the United States and Chile for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital (Treaty). For background, see EY Global Tax Alert, U.S.-Chile tax treaty advances toward ratification, dated 9 June 2023.

The text to be approved by Chilean Congress includes reservations made by the U.S. Senate on Article 23 (Relief from Double Taxation). Once approved, the text must be ratified by Chilean Government. The Treaty shall enter into force once respective diplomatic notes are exchanged between the United States and the Republic of Chile.

For additional information with respect to this Alert, please contact the following:

EY Chile, Santiago

• Javiera Contreras, EY Chile Tax Leader

• Felipe Espina

• Juan Pablo Navarrete

• Nicolas Brancoli

• Victor Fenner

Ernst & Young LLP (United States), Latin American Business Center, New York

• Pablo Wejcman

• Benjamin Mosella, Chile Tax Desk

• Ana Mingramm

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

• Lourdes Libreros

• Sofía Hernández, Chile Tax Desk

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

• Raul Moreno, Tokyo

• Luis Coronado, Singapore

• Patricio Velasco, Hong Kong, Chile Tax Desk

Published by NTD’s Tax Technical Knowledge Services group; Carolyn Wright, legal editor

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.