The income tax treaty between Chile and Italy was signed on 23 October 2015. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Chilean taxes imposed under the Income Tax Act, and Italian personal income tax, corporate income tax and regional tax on productive activities (IRAP). 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 based on its place of effective management, the place where it is...