Pacific Alliance double taxation avoidance convention enters into force

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The Convention to Homologate the Tax Treatment provided for in the Conventions to Avoid Double Taxation entered into between the States Party to the Pacific Alliance Framework Agreement (the Convention) has entered into force between Mexico, Colombia, Peru, and Chile.

The four Pacific Alliance membership countries (collectively, the States) first entered into the Convention in October 2017, in an effort to amend the bilateral agreements for the avoidance of double taxation between the States (Covered Agreements) and grant resident status to pension funds within each country.

The Convention also aims to standardize… Read more

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