On 25 September 2014, Chile's Chamber of Deputies approved the law ratifying the pending income and capital tax treaty with the U.S. The treaty, signed 4 February 2010, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Chilean taxes imposed under the Income Tax Act, and U.S. federal income taxes (excluding social security and unemployment taxes), Federal excise taxes imposed on insurance premiums paid to foreign insurers, and taxes imposed with respect t…