The competent authorities of Chile and the Czech Republic have reportedly agreed that the MFN clause regarding interest in the 2015 tax treaty between the two countries has been triggered by the 2016 Chile-Japan tax treaty. The interest withholding tax rates are summarized as follows:

• The withholding tax rate on interest is 4% if the beneficial owner is either:
  • A bank;
  • An insurance company;
  • An…