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Chilean Tax Authority Finds Singapore Does Not Have a Preferential Tax Regime

|Approved Changes|Chile
Chile

The Chilean tax authority (Servicio de Impuestos Internos - SII) has issued Resolution No. 48 of 15 April 2024, which concerns whether or not Singapore is considered to have a preferential tax regime. If a jurisdiction is considered to have a preferential tax regime, this impacts several tax matters, including increased withholding tax rates, the application of the CFC and transfer pricing rul…

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