OBS_VALUE: Foreign shareholders are subject to a tax on capital gains from the sale of shares in Chilean companies. Such capital gains are subject to tax at a rate of 20% or 35% depending on certain specific requirements. From January the 1st, 2017, the rate will be 35% on net gain in all cases . A good discrimination is founded in the Decree Law 600, Art. 7 and 8 ( Former Foreign Investment Statute), which is a voluntary and special regime, provides that non-residents and non-domiciled investors must pay a  tax that includes a possible tax invariability clause (10-year term) with an effective overall tax rate of 44,45% of taxable income, or be subject to the application of common tax legislation, in which case they shall remain subject to the general taxation scheme with the same rights, options and obligations as national investors (Income Tax Law). 