On Friday 12.11.21, the ATO released the synthesised text of Australia’s double taxation agreement (DTA) with Chile. It outlines the modifications that have been made to the Double Tax Agreement (DTA) by the Multilateral Convention to Implement Tax Treaty Measures to Prevent Base Erosion and Profit Shifting (MLI). See also, TT article on the MLI synthesised text of the Denmark-Australia DTA

The dates of the deposit of instruments of ratification, acceptance or approval were 26 September 2018 (for Australia) and 26 November 2020 (for Chile).The provisions of the MLI have effect with respect to the DTA for:

  • Australia from 1 January 2022 for withholding tax and 1 September 2021 for other taxes;
  • Chile from 1 January 2022 for withholding tax and all other taxes.

[LTN 219, 12.11.21]

[Tax Month – November 2021Previous 2021] 14.11.21

 

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