According to a recent update from China's State Administration of Taxation, income tax treaty with Chile entered into force on 8 August 2016. The treaty, signed 25 May 2015, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Chilean taxes imposed under the Income Tax Act (Ley sobre Impuesto a la Renta), and covers Chinese individual income tax and enterprise income tax.
Residence
If a company is considered resident in both Contracting States, the compete…