On 5 July 2021, the Swiss Federal Tax Administration published a mutual agreement signed with Chile regarding the activation of the most favored nation (MFN) clause contained in paragraph 6 of the final protocol to the 2008 Swiss-Chile income and capital tax treaty. The activation is a result of the entry into force of Chile's 2016 tax treaty with Japan, which is effective from 1 January 2017. Considering this, the agreement provides that the following withholding tax rates apply from 1 Janu…