Weekly Report - 05 July 2012 (WR-12-26)

CHILE-ARGENTINA | Double taxation agreement terminated. On 2 July the Chilean press reported that the Argentine authorities had notified their Chilean counterparts on 29 June that they will be terminating the current double taxation agreement which was signed by the two countries in 1976. The agreement, which covers taxes levied on capital, equity, and other benefits, includes a clause which allows any of the participating countries to terminate it any time between 1 January and 30 June every year so that the new rules may be applied starting the following year. This means that the agreement will no longer be in place on 1 January 2013.

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