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13.4.4. APAs and Dispute Resolution Mechanisms

Advance pricing agreement

A taxpayer may enter into a unilateral, bilateral, or multilateral Advance Pricing Arrangement (APA) with the tax authorities. An APA is valid for a period not exceeding 4 years, subject to review.  

Dispute Resolution Mechanisms

Most tax treaties concluded by Chile contain a Mutual Agreement Procedure clause, allowing the competent authorities of the contracting States to consult with each other in order to resolve cases of double taxation not in conformity with the Convention. There is no specific form for a request to initiate a MAP, and the time frame within which such request may be submitted may vary from treaty to treaty.