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November 15, 2023

U.S. - Chile tax treaty ratified by Chilean Congress closer to entering into force

On 15 November 2023, the Chilean Senate approved the Convention between the United States and Chile for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital (Treaty). As a next step, the Treaty must now be ratified by the Chilean President, which will likely occur soon. For background, see EY Global Tax Alerts, Double tax treaty with United States inches towards Chilean ratification, dated 8 November 2023, and U.S. Senate approval of U.S.- Chile tax treaty brings treaty closer to entering into force, dated 25 June 2023.

The Treaty shall enter into force once respective diplomatic notes are exchanged between the United States and the Republic of Chile.


For additional information with respect to this Alert, 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