Chile Enacts Measures to Support National Reconstruction and Economic Recovery, Including Tax Rate Cuts

Chile published Law No. 21.850 in the Official Gazette on 17 October 2026, which contains measures to support national reconstruction and economic recovery. Key measures include:

• A reduction in the corporate (first category) tax rate under the general regime from 27% to 25.5% in 2027, 24% in 2028, and 23% from 2029;
• A reduction in the corporate (first category) tax rate for qualifying SMEs under the Pro Pyme regime from 25% to 23% with effect from 1 January 2029 (note that temporary reduced…