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June 2, 2023

US Senate committee approves tax convention with Chile; vote by full Senate is next

On 1 June 2023, the United States (US) Senate Foreign Relations Committee (SFRC) approved the Convention between the Government of the United States of America and the Government of the Republic of Chile for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital (Treaty).

Next, the Senate must give its advice and consent to ratification of the Treaty with a two-thirds majority vote. Senate Majority Leader Chuck Schumer (D-NY) has indicated that getting it done is a priority.

For additional information with respect to this topic, please contact the following:

EY Chile, Santiago

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific

Published by NTD's Tax Technical Knowledge Services group; Carolyn Wright, legal editor