The Chilean tax authority (Servicio de Impuestos Internos - SII) has published Resolution No. 119 of 28 September 2020, which establishes new reporting requirements in relation to the alienation of foreign entities with underlying assets in Chile (indirect transfers). Resolution No. 119 of 2020 updates and replaces Resolution No. 65 of 2015 on the submission of the declaration in Form 1921.

O…