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Chile Clarifies Tax Exemption for Reorganization Involving Indirect Transfer of Chilean Assets

|Approved Changes|Chile
Chile

The Chilean tax authority (Servicio de Impuestos Internos - SII) has published Letter Ruling No. 641 of 27 March 2020 concerning the taxation of a foreign reorganization that involves the indirect transfer (sale) of Chilean assets. In general, the transfer of Chilean assets, including indirect transfers, may be subject to tax in Chile. The letter clarifies, however, that the indirect transfer o…

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