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Chile is a country in South America that borders the South Pacific Sea. Neighboring countries include Argentina, Bolivia, and Peru. The government system of Chile is a republic, and the country has a market-oriented economy in which the prices of goods and services are determined in a free price system.

The country has trade agreements with 60 countries, including a free trade agreement with the United States. Chile's main exports include copper, forestry and wood products, fresh fruit and processed food, fishmeal and seafood, and wine.

Chile is strongly committed to free trade and has welcomed large amounts of foreign investment. The business climate is generally straightforward and transparent. Foreign investors receive treatment similar to Chilean nationals in nearly all sectors.

Currency is Chilean Peso (CLP).


AIS Attribution Income Scheme
APA Advance Pricing Agreement
CLP Chilean Peso
CUP Comparable Uncontrolled Price
MNE Multi-National Enterprise
OECD Organization for Economic Cooperation and Development
PIS Partially Integrated Scheme
TP Transfer Pricing
VAT  Value Added Tax
WHT Withholding Tax