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Chile Tax Measures to Mitigate Economic Impacts of COVID-19 Include 50% Tax Rate Reduction for SMEs

|Proposed Changes|Chile
Chile

Chile's Ministry of Finance is reportedly finalizing a package of tax measures to mitigate the economic impacts of the COVID-19 pandemic. Key proposed tax measures of the package include a 50% reduction of the corporate tax rate for SMEs for 2020, 2021, and 2022, as well as certain other benefits including the suspension of provisional corporate income tax payments, VAT refunds subject to certa…

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