Q&A on the Agreement that Avoids Double Taxation between the U.S.A. and Chile

Dear Depositors,

Depósito Central de Valores would like to share with you a series of questions and answers to help you understand the details of the implementation of the agreement that avoids double taxation between the U.S.A. and Chile.

Background information:

• The agreement came into effect on February 1, 2024, activating the benefit for Equity (to this date, DCV has sent DCV Circular No. 359, "Documentation and Accounts Structure Protocol – Treaty to Avoid Double Taxation with the U.S.A.," and more additional information.)
• Regarding the Fixed Income benefit, this has always existed and is not part of this treaty (it is always tax-exempt for interest payments) to the extent that the final beneficiary has been identified.
• All depositors and clients of the cross-border custody service that keep assets whose market of origin is the United States must deliver to DCV the W8 forms provided by the U.S. tax authorities for this purpose. 

DOWNLOAD Q&A

Download

The deadline to send the documents is May 31, 2024

Kind regards,
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES