Chile enacts landmark tax reform

Major Chilean tax reform legislation was published in the Official Gazette on September 29, introducing new measures for computing shareholder-level income taxation, amendments to thin capitalization rules, rate increases, and the introduction of general antiavoidance rules, among many other changes, writes PwC in an October 3 report. For analysis of some of the most important tax changes, see PwC.


Chilean government releases revised tax reform bill

The government of Chile, on August 9, released a revised Tax Reform Bill, which incorporates 278 modifications to the bill originally submitted to Congress on April 2, writes KPMG Chile in an August tax alert. Included are significant changes to the corporate tax regime and rates, to thin capitalization rules, revisions to the treatment of goodwill amortization, and anti avoidance rules. For an analysis of the revisions, see KPMG (PDF 80 KB)