In Notice 2024-11 (Notice), issued 28 December 2023, the United States (US) Treasury Department (Treasury) and the Internal Revenue Service (IRS) updated the list of treaty partner countries that are relevant in determining whether a corporation is a "qualified foreign corporation" for purposes of applying IRC Section 1(h)(11). Under IRC Section 1(h)(11), reduced tax rates may apply to a dividend paid to an individual shareholder from a domestic corporation or a qualified foreign corporation.Since this list was updated in 2011, a new US income tax treaty with Chile entered into force on 19 December 2023, so the Notice adds Chile...