Circular Letter N° 363 "Cross-Border Custody: Documentation and Assignment Protocol. Chile-United States Bilateral Tax Treaty"

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

Dear Depositors,
In the context of the treaty to avoid double taxation between Chile and the United States, which entered into force on February 1, 2024, Depósito Central de Valores (DCV) shares the documentation protocol, previously published in Circular No. 359 of April 30, 2024, which has been complemented with the Holding Allocation Protocol, to which DCV depositors must adhere, in the case of using an omnibus documented account in the foreign custodian, in order to benefit from eventual tax benefits in the US market, both for the Cross-border Custody Service and the Foreign Securities Exchange Service. The details of the documentation, means of communication, and corresponding cut-off times are indicated in detail in the same protocol.

As described in the document, the assignment of holding is made on beneficiaries that have been previously and duly documented in the foreign custodian. The documentation process is a continuous process with no deadline; however, for those beneficiaries who wish to document and then apply the tax benefit for dividends already paid so far in 2024 (from 02/01/2024), they must send the corresponding W8 forms (Ben or Ben E), as well as provide the documentation requested and detailed in the recovery procedure, which is also attached to this circular, until October 30, 2024.

Please review the necessary documentation, which is available in the documents section of the Cross-border custody service on DCV's website.

1. Sign the protocol for documentation of account structure and tax service.
2. Complete assignment reports according to services (.xls file).
3. Read the procedure to apply for tax recovery.
4. Complete the assignment report - recovery (.xls file).
5. Sign the "Affidavit" document.
6. Complete the tax recovery request letter.

GO TO THE DOCUMENTS

May you have any questions, please contact us.
DCV Commercial Department
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DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES