On 5 May 2016, Chile's Chamber of Deputies approved for ratification the pending income and capital tax treaty with South Africa. The treaty, signed 11 July 2012, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Chilean taxes imposed under the Income Tax Act, and South African normal tax, secondary tax on companies and withholding tax on royalties.
Residence
The treaty includes the provision that if a company is considered resident in both Contracting …