The Assistant Treasurer on Wed 20.3.2013, gazetted a notice under s 4A of the International Tax Agreements Act 1953 that the double tax agreement between Australia and the Republic of Chile entered into force on 8 February 2013.
The new treaty will take effect in Australia in 4 stages:
- in respect of withholding tax, on income derived on or after the 1st day of the 2nd month following entry into force ie on or after 1 April 2013;
- in respect of FBT, on fringe benefits derived on or after 1 April in the year following entry into force ie 1 April 2014;
- in respect of other tax, on income derived in the year beginning 1 July following entry into force ie 1 July 2013; and
- in respect of administrative provisions, upon entry into force ie 8 February 2013.
The agreement was contained in the International Tax Agreements Amendment Act (No 1) 2011.
Notified in Commonwealth Gazette No GN 11, 20 March 2013 [p 780]
[LTN 54, 20/3/13]