The convention between the Government of the Russian Federation and the Government of the Republic of Chile

of November 19, 2004

About avoidance of double taxation and prevention of tax avoidance concerning taxes on the income and the capital

The government of the Russian Federation and the Government of the Republic of Chile, wishing to sign the Convention on avoidance of double taxation and prevention of tax avoidance concerning taxes on the income and the capital, agreed as follows:

Chapter I Scope of the Convention

Article 1 of Person to which the Convention is applied

This Convention is applied to persons who are residents of one or both Contracting States.

Article 2 Taxes to which the Convention extends

1. This Convention is applied to the taxes on the income and the capital established on behalf of the Contracting State irrespective of method of their collection.

2. All taxes levied from total of income, the total amount of the capital or from separate elements of the income or the capital, including taxes on the income from alienation of personal or real estate, the wage taxes, paid by the companies, and also capital gain taxes are considered as taxes on the income and the capital.

3. The existing taxes to which this Convention is applied, in particular, are:

a) in Chile - the taxes levied according to the Income tax act, "Ley sobre Impuesto a la Renta" (further the referred to as "Chilean tax"); and

b) in Russia:

(i) income tax of the organizations,

(ii) income tax,

(iii) property tax of the organizations, and

(iv) the property tax of physical persons (further referred to as "the Russian tax").

4. This Convention is applied also to any identical or in essence to similar taxes and the capital taxes which will be levied after signature date of this Convention in amendment or instead of the existing taxes. Competent authorities of Contracting States at the end of every year will notify each other on any essential changes in their relevant tax laws.

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