The Chilean tax authority (Servicio de Impuestos Internos - SII) has issued Resolution No. 48 of 15 April 2024, which concerns whether or not Singapore is considered to have a preferential tax regime. If a jurisdiction is considered to have a preferential tax regime, this impacts several tax matters, including increased withholding tax rates, the application of the CFC and transfer pricing rules, certain reporting requirements, etc.
Resolution No. 48 of 15 April 2024 is in response to a ta…