EN 
ES 
Dear Shareholders:
Banco de Chile’s Board of Directors has agreed to summon an Ordinary Shareholders' Meeting to be held on March 27, 2025, in order to resolve, among other matters, on the distribution of a dividend of $9.85357420889 per share, payable on the net income for the fiscal year ended December 31, 2024, corresponding to 82.4% of such net income. In accordance with provisions of Decree Law No. 824 on Income Tax Act (Ley de Impuesto a la Renta), the dividends that corporations agree to distribute to their shareholders, payable on the accumulated tax income, will be entitled to a tax credit of 65% of the first category income tax (Impuesto a la Renta de Primera Categoría) in force in the year of its distribution.
Likewise, with respect to those shareholders with domicile or residence in one of the countries with which Chile has signed an agreement to avoid double taxation, the aforementioned Act provides that they will be entitled to a tax credit of 100% of the first category income tax, which will be deductible from the Withholding Tax (Impuesto Adicional) that Banco de Chile must withhold on the amount of distributed dividends to such shareholders. (An annex is attached with the list of countries with which Chile has such agreements).
Pursuant to article 74 No. 4 of the Income Tax Act (Ley sobre Impuesto a la Renta), in order to be benefited from the regime described in the previous paragraph, shareholders must prove their resident status in one of the aforementioned countries by submitting a tax residence certificate issued by the competent authority in the same year the dividend is distributed. That certificate must be delivered in original to Banco de Chile, either in hardcopies (legalized or apostilled) or electronic format, and in the latter case, the document must have an electronic signature, and its authenticity must be verifiable through technological means. The residence certificate may be submitted in copies only if the investment has been made through a responsible agent, in accordance with the provisions of the Exempt Resolution No. 151 of 2020 issued by the Chilean Tax Authority (Servicio de Impuestos Internos). Aditionally, shareholders must fill in and provide to the Bank the Annex N°1 included in Resolution 58 of 2021, declaring that they do not have a permanent establishment or fixed base in Chile to which the dividend should be attributed, and that they meet the requirements needed to be a beneficiary of the provisions of the agreement.
If you are in the mentioned situation, you must submit to the Bank the tax residence certificate by March 24, 2025, at Av. Los Conquistadores 1730, 24th floor, Nueva Torre Santa María, Providencia, Santiago, if the certificate has been issued in hardcopies; or be sent to the following email addresses:
If such document is not received in the terms indicated above, Banco de Chile, as withholding agent, will apply the withholding of the Withholding Tax, with a tax credit of 65% of the First Category Income Tax.
Download agreement to avoid double taxation
For more information, contact us:
Kind Regards
DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES
