Chile, India sign tax treaty

Chile has signed a tax treaty with India, Chile's Finance Ministry has announced.

The treaty is aimed at increasing direct investment from India to Chile, boost services exports and facilitate technology transfer. Additionally, it will promote the exchange of tax information and reinforce the integrity of the Chilean tax system, providing a better legal framework through which the tax administrations of Chile and India can prevent international tax evasion and resolve tax disputes, the Ministry said in a March 11 release.

Chile's Finance Minister Ignacio Briones said: "This is a relevant and concrete step that deepens and narrows our relations with India, aimed not only at deepening the tax relationship, but also at facilitating the paths to increase investments between each country." 

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