On November 14th, the new regional holding Nuam Exchange integrated the exchanges of Colombia, Peru and Chile, allowing the securities of issuers currently listed on the three exchanges to be available to be traded on the regional platform starting in 2025. 

From a tax perspective, our associate Matias Alonso comments that “currently, Chile maintains agreements to avoid double taxation with both countries, which is quite useful for these purposes. To begin with, relevant issues such as which tax regime will be applied in each case have already been settled. However, we would have to study the local regulations and how the agreement applies to them.” 

Likewise, he adds that, in terms of risks, whenever different tax regions are combined, complexity can be introduced into the process of acquisition and disposal of securities, and that tax compliance procedures will probably be resorted to in greater volume. 

Below you can find the article in Diario Financiero “How, when and where? Guide to buying shares in the new regional stock exchange of Chile, Peru and Colombia.” 

Matías Alonso