According to recent reports, the new Chilean government intends to make a number of reforms to simplify the country’s tax system. With respect to corporate taxation, the government intends to abolish the two separate regimes that have applied since 2017; the standard attribution regime (AIS) and the partially integrated regime (PIS). Under the AIS regime, the First Category Tax (FCT) rate is 25% and final owners are subject to an additional withholding tax of 35% whether or not distributions …