Remittance tax preservation: Chile may impose remittance tax on resident administered pooled investment funds investing in Chilean assets. The Agreement preserves Chile's ability to impose remittance tax on pooled investment accounts or funds that are subject to such tax and required to be ... Summary
Remittance tax preservation: Chile may impose remittance tax on resident administered pooled investment funds investing in Chilean assets.
The Agreement preserves Chile's ability to impose remittance tax on pooled investment accounts or funds that are subject to such tax and required to be administered by a resident in Chile, in respect of investments in assets situated in Chile. It requires mutual consent of Contracting States before referring scope disputes to the Council for Trade in Services and directs that interpretive doubts be resolved through the Agreement's consultation procedure or other mutually agreed means. The Agreement does not affect application of Chilean foreign investment statutes DL 600 and Law N 20.848 as in force.
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