Loreto Pelegrí Haro and Rodrigo Winter Salgado of PwC Chile outline the main changes but note that the finalisation of an Internal Revenue Service circular letter will be crucial in clarifying the law’s application
Rodrigo Winter Salgado of PwC Chile reports on the submission of an ambitious tax reform bill to the Chilean Congress that proposes the creation of a tax on retained taxable profits.
A new bill proposes a reduction in foreign tax credit from 35% to 27%, which will reduce the incentives to use Chile as a platform, as Rodrigo Winter Salgado of PwC Chile explains.
Some technical assistance and professional services will be subject to VAT from January 2023, due to a law reducing certain tax exemptions, as Rodrigo Winter Salgado of PwC Chile explains.
