Australian Tax Treaties
Chilean Convention
CONVENTION BETWEEN AUSTRALIA AND THE REPUBLIC OF CHILE FOR THE AVOIDANCE OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME AND FRINGE BENEFITS AND THE PREVENTION OF FISCAL EVASION
CHAPTER I
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SCOPE OF THE CONVENTION
ARTICLE 2
Taxes Covered
1.
The existing taxes to which the Convention shall apply are:
a) in Australia:
b) in Chile, the taxes imposed under the Income Tax Act, " Ley sobre Impuesto a la Renta " , including the specific tax on mining activity ( Impuesto Espec í fico a la Actividad Minera ), (hereinafter referred to as " Chilean tax " ).
2.
The Convention shall apply also to any identical or substantially similar taxes that are imposed under the federal law of Australia or the law of Chile after the date of signature of the Convention in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in the law of their respective States relating to the taxes to which the Convention applies within a reasonable period of time after those changes.
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) has modified the application of this tax treaty. A synthesised text of the MLI and this tax treaty is available to facilitate the understanding of how the MLI modifies this tax treaty.
The existing taxes to which the Convention shall apply are:
a) in Australia:
(i) the income tax, including the resource rent tax in respect of offshore projects relating to exploration for or exploitation of petroleum resources; and
(ii) the fringe benefits tax,imposed under the federal law of Australia (hereinafter referred to as " Australian tax " ); and
b) in Chile, the taxes imposed under the Income Tax Act, " Ley sobre Impuesto a la Renta " , including the specific tax on mining activity ( Impuesto Espec í fico a la Actividad Minera ), (hereinafter referred to as " Chilean tax " ).
2.
The Convention shall apply also to any identical or substantially similar taxes that are imposed under the federal law of Australia or the law of Chile after the date of signature of the Convention in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in the law of their respective States relating to the taxes to which the Convention applies within a reasonable period of time after those changes.
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