Chile
A. Progress in the implementation of the minimum standard
Chile has 33 tax agreements in force, as reported in its response to the Peer Review questionnaire. Twenty-two of those agreements comply with the minimum standard.
Chile signed the MLI in 2017 and deposited its instrument of ratification on 26 November 2020, listing its non-compliant agreements. The MLI entered into force for Chile on 1 March 2021. The agreements modified by the MLI come into compliance with the minimum standard once the provisions of the MLI take effect.
Chile indicated in its response to the Peer Review questionnaire that steps had been taken (other than under the MLI) to implement the minimum standard in the agreements with Brazil, Ecuador* and Paraguay.
Chile is implementing the minimum standard through the inclusion of the preamble statement and the PPT combined with the LOB. For its compliant agreements with Australia, Austria, Belgium, Canada, Croatia, Czech Republic, France, Ireland, Italy, Japan, Korea, Malaysia, New Zealand, Poland, Portugal and the United Kingdom, the minimum standard is implemented through the inclusion of the preamble statement and the PPT. 1
Note
← 1. For its agreements listed under the MLI, Chile is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI). Chile has also adopted the simplified LOB under Article 7(6) of the MLI and expressed a statement, in accordance with Article 7(17)(a) of the MLI, that while Chile accepts the application of the PPT under the MLI, it intends where possible to adopt an LOB provision through bilateral negotiation. Chile has made a reservation pursuant to Article 6(4) of the MLI not to apply Article 6(1) of the MLI with respect to agreements, which already contain the relevant preamble language (covering four agreements). Chile has also made a reservation pursuant to Article 7(15)(b) of the MLI not to apply Article 7(1) of the MLI with respect to agreements which already contain a PPT (covering four agreements).