The income and capital tax treaty between Chile and the Czech Republic entered into Force on 21 December 2016. The treaty, signed 2 December 2015, is the first of its kind between the two countries. Taxes Covered The treaty covers Chilean taxes imposed under the Income Tax Act and Czech tax on income of individuals, tax on income of legal persons, and tax on immovable property. Residence The treaty includes the provision that if a company is considered resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreement....