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MFN Clause Triggered for Interest Under Tax Treaty between Chile and Uruguay — Orbitax Tax News & Alerts

Uruguay's Directorate General of Taxation (DGI) has announced that the MFN clause in the 2016 tax treaty with Chile has been triggered in respect of interest payments. With effect from 1 January 2023, the withholding tax rate on interest under the treaty is reduced from 15% to 10% as a result of Chile's income tax treaty with India, which entered into force on 19 October 2022 and applies for Chile from 1 January 2023.

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