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Chile Publishes Legislation to Simplify and Clarify Provisions of the 2014 Tax Reform

|Approved Changes|Chile
Chile

Chile published Law No. 20.899 in the Official Gazette on 8 February 2016. The legislation simplifies and clarifies certain provisions of the 2014 tax reform (Law No. 20.780), which includes two new tax regimes, the standard attribution regime (AIS) and the partially integrated regime (PIS), as well as new CFC and thin capitalization rules, a new general anti-avoidance rule (GAAR) and others.

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