Chile Tax Agency Seeks Comments on Draft Circular on Applying MFN Clause in Various DTAs

The Chilean Internal Revenue Service Sept. 1 opened a consultation on a draft circular on applying the most favored nation (MFN) clause in various DTAs, with regard to maximum withholding rates for interest and royalties. The draft circular includes measures to clarify how to apply the clauses in Chile’s: 1) 2001 DTA with Norway, 2008 DTA with Switzerland, and 2016 DTA Uruguay, in light of the entry into force of its 2016 DTA with Japan on Dec. 28, 2016, and 2020 DTA with India on Oct. 19, 2022; and 2) 2003 DTA with New Zealand, in light of the entry ...