DT4851 | Double Taxation Relief Manual: Chile: Admissible taxes

The following Chilean taxes are admissible for credit in the UK under the convention:

• taxes imposed under the Income Tax Act (Ley sobre Impuesto a la Renta)

These include:

• the income tax (impuesto a la renta)

• the complementary global tax (impuesto global complementario)

• the additional tax (impuesto adicional/tasa adicional). Note that this is a tax paid when profits are distributed but it is a tax on profits (qualifying, where appropriate, for relief as underlying tax), it is not a withholding tax

• the property tax (contribucion territorial) in so far as it is set off against first category income tax

The following Chilean taxes are inadmissible under the convention:

• the reinsurance premium tax