The agreement is being viewed closely by sponsors of cross-border funds on offer to Chilean pension funds, since the AFPs have historically avoided investment in US funds in order to avoid the withholding tax on capital gains and dividends.
FATCA: Chilean market still awaiting ratification of tax agreements
July 13, 2015 by
Both countries must ratify an intergovernmental agreement and double-taxation agreement before Chile can begin releasing account information of US clients to American tax authorities.
Chilean financial institutions ready to adopt FATCA standard
July 12, 2013 by
The various industries involved and their partners are finalizing operational details for filing the information requested by the United States while waiting for the intergovernmental agreement.
