Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.
ARTICLE 23
Elimination of Double Taxation
(1) In United Arab Emirates, double taxation shall be avoided as follows:
- (a) residents of the United Arab Emirates, obtaining income which has, in accordance with the provisions of this Convention, been subject to taxation in Chile, may credit the tax so paid against any United Arab Emirates tax payable in respect of the same income, subject to the applicable provisions of laws of the United Arab Emirates. This paragraph shall apply to all income referred to in the Convention;
- (b) where, in accordance with any provision of the Convention, income derived by a resident of United Arab Emirates is exempt from tax in United Arab Emirates, United Arab Emirates may nevertheless, in calculating the amount of tax on other income, take into account the exempted income.
(2) In Chile, double taxation shall be avoided as follows:
- (a) residents of Chile, obtaining income which has, in accordance with the provisions of this Convention, been subject to taxation in United Arab Emirates, may credit the tax so paid against any Chilean tax payable in respect of the same income, subject to the applicable provisions of laws of Chile. This paragraph shall apply to all income referred to in the Convention;
- (b) where, in accordance with any provision of the Convention, income derived by a resident of Chile is exempt from tax in Chile, Chile may nevertheless, in calculating the amount of tax on other income, take into account the exempted income.