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U.S. Senate Close to Vote on Tax Treaty with Chile

19 May 2023

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Treaty Development

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United States-Chile

Members of the U.S. Senate Foreign Relations Committee are reportedly preparing for a vote on the pending income and capital tax treaty with Chile following an agreement to address concerns over language on foreign tax credits. The Committee already approved the treaty in March 2022, but remaining concerns have delayed a full vote for the ratification of the treaty. A resolution for ratification is expected to be completed after senators return from a scheduled recess that ends after Memorial Day (29 May). The Chile-U.S. tax treaty was signed on 4 February 2010 and is the first of its kind between...