DTT Between The Czech Republic And The Republic Of Chile Entered Into Force

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
DTT between the Czech Republic and Chile entered into force.
Fri, 30/12/2016

The Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion, which was signed in Santiago de Chile on 2 December 2015 between the Czech Republic and the Republic of Chile, entered into force 21 December 2016.

The provisions of this treaty will be applicable as follows:

a)    in Czech Republic:

  • with respect to taxes withheld at source on amounts paid or credited on 1 January 2017 or later;
  • with respect to other taxes on income and property taxes, to income or capital in any taxable year beginning 1 January 2017 or later;

b)    in Republic of Chile:

  • with respect to taxes on income obtained and amounts paid, credited to an account, put at the disposal or accounted as an expense on or after 1 January 2017;
  • with respect to taxes on capital, if and to the extent such taxes will be imposed by the Republic of Chile, for taxes levied on capital owned on or after 1 January 2017, if such taxes are imposed at that time, If the taxes are not imposed at that time, they will be imposed on or after 1 January of the year in which capital taxes have been introduced in the Republic of Chile.

The text of this international treaty will be published in the Collection of International Treaties. However, it is possible to consult with the Ministry of Finance and respectively by the Ministry of Foreign Affairs regarding the text of the treaty prior to its official publication.

Impact on investors:  The DTT between the Czech Republic and Republic and Chile entered into force.