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of <h1>India-Chile Pact to Eliminate Double Taxation and Prevent Fiscal Evasion on Income Taxes Now in Effect.</h1> An agreement between the governments of India and Chile aims to eliminate double taxation and prevent fiscal evasion regarding income taxes. Signed on March 9, 2020, the agreement came into force on October 19, 2022. It applies to residents of either or both countries and covers taxes on income, including those on movable and immovable property, wages, and capital gains. The agreement outlines methods for eliminating double taxation, non-discrimination clauses, and procedures for mutual agreement and information exchange. It also includes provisions for permanent establishments, dividends, interest, royalties, and other income categories. The agreement is effective from April 1 in India and January 1 in Chile following its enforcement.
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