The Chilean Internal Revenue Service (SII) has issued Circular (Oficio) No. 1985 of 3 August 2015, which clarifies the residence notification requirements to obtain the full tax credit for dividend and profit distribution income received by non-residents. This is in regard to the new alternative tax regime (PIS), which will apply from 1 January 2017. Under the PIS regime, such income is taxed when actually distributed, while under the standard attribution regime (AIS) the income is taxed whet…