Chile
On July 7, the Government submitted Presidential Statement 064-370 to Congress initiating the parliamentary debate on a tax reform bill in Chile.
The tax reform bill (“Bill”) proposes many structural amendments to the current Chilean tax regime. These amendments are aimed at (i) increasing tax revenue; and (ii) funding several Government-led initiatives.
The proposed amendments cover various matters. This legal flash summarizes some of the most relevant modifications applicable to large companies, including notes and comments from our tax team.