Chile Clarifies Tax Credit for Partnerships under Tax Treaty with Brazil
The Chilean tax authority (Servicio de Impuestos Internos - SII) has published Ruling 1522 of 3 June 2019, concerning the availability of a foreign tax credit for a professional partnership in Chile that received fees for services provided to a company in Brazil, on which tax was withheld. The ruling provides that under the terms of the 2001 tax treaty with Brazil, the partnership itself would …
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