US-Chile Bilateral Income Tax Treaty Enters Into Force

 

On Dec. 19, 2023, Treasury announced the entry into force of the U.S.-Chile bilateral income tax treaty (the Tax Treaty). The Tax Treaty is the first new comprehensive bilateral tax treaty signed by the United States to enter into force in over 10 years and is only the second U.S. comprehensive bilateral tax treaty in force with a South American country. The Tax Treaty is generally intended to reduce tax-related barriers to cross-border investments between the United States and Chile, including by providing for reduced withholding tax rates on income such as dividends, interest and royalties.

https://www.mondaq.com/unitedstates/withholding-tax/1419006/us-chile-bilateral-income-tax-treaty-enters-into-force