Australia and Chile new tax convention
On 10 September 2010, Australia and Chile signed a new tax convention – the first between the two countries.
On 8 February 2013, the new tax convention with Chile came into force. Both countries completed their respective domestic arrangements and exchanged diplomatic notes. The arrangements will promote closer economic cooperation between the two countries by reducing tax barriers and improving the integrity of the tax system.
Date of effect
The convention took effect on 8 February 2013.
In Australia, the convention applies to:
- income tax withheld from income derived by non-residents on or after 1 April 2013
- fringe benefits tax on fringe benefits provided on or after 1 April 2013
- other Australian taxes on income, profit or gains for any year of income beginning on or after 1 July 2013.
In Chile, the convention applies 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 2014.
For more information, refer to the Assistant Treasurer's media release no. 038/2010External Link.
Legislation and supporting material
The legislation received royal assent on 27 June 2011:
For more information about Australia's tax treaties, refer to:
End of further information