On March 5 , 2014, Chile signed a FATCA Agreement with the United States. They signed a type-2 intergovernmental agreement (IGA).

Under the agreement there is no automatic exchange of information but each financial institution must provide to the IRS the information about financial accounts held by United States taxpayers.

This provision of information must be authorized by the relevant account holder, which is consistent with Chilean legislation. Where there is no consent from the account holder, the financial institution may provide only aggregated information about US taxpayers investing in Chile and, in case the IRS requires more information, it must request it under Read More