Chile published Law No. 21.210 on the modernization of tax legislation in the Official Gazette on 24 February 2020. The Law, which was approved by the Chilean Senate on 29 January 2020 ({News-2020-02-05/A/2-previous coverage}), provides for the country's tax reform. Among other changes, this includes a standard 27% corporate tax rate, and reduced 25% tax rate for SMEs, a new 40% top rate for i…