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5/12/2020

Treasury Announces Conclusion of Tax treaty Negotiations with Chile

U.S. DEPARTMENT OF THE TREASURY
Press Center

Treasury Announces Conclusion of Tax treaty Negotiations with Chile
1/26/2010

TG-513

WASHINGTON – Consistent with its efforts to expand the U.S. tax treaty network in South America, the U.S. Department of the Treasury
announced today the conclusion of the negotiation of a comprehensive bilateral income tax treaty with Chile.
The new tax treaty would provide certainty and stability of tax treatment for U.S. and Chilean cross-border investors. The new tax treaty
also provides for reductions in source-country taxation of cross-border payments of dividends, interest, and royalties; the full exchange of
information between the tax authorities of the United States and Chile; and a comprehensive limitation on benefits provision aimed at
preventing the abuse of the tax treaty by third-country investors.
The new tax treaty with Chile is scheduled to be signed by both countries in February. If approved by the U.S. Senate, the treaty with Chile
would be only the second U.S. tax treaty with a South American country.

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5/12/2020

Treasury Announces Conclusion of Tax treaty Negotiations with Chile

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