According to a recent update from China's State Taxation Administration, the protocol to the 2015 income tax treaty with Chile entered into force on 17 October 2019. The protocol, signed 29 May 2018, provides that an enterprise of a Contracting State engaged in the operation of ships or aircraft in international traffic in the other Contracting State shall be exempt from Value Added Tax in that other Contracting State. The protocol applies retroactively from 1 January 2017, which is the date …