Law Firms Chile, Spencer Global Chile
On February 10th 2010, the United States and Chile signed a double taxation treaty to eliminate many forms of income tax for residents and companies doing business in both Chile and the United States. This treaty has yet to be ratified by the U.S. Or Chilean congress but is expected to meet limited legislative resistance. This treaty promises to open many business and investment opportunity for residents and nationals of both countries, as Chile is now the first member to join the OECD in South America. Chile currently has the lowest personal income tax rates any the OECD member country.
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