On 2 September 2020, Chile enacted a second COVID-19 package (Law 21.256), which includes tax measures aimed at giving relief to those economically affected by COVID-19, promoting investment growth and accelerating the economic recovery.
This Tax Alert highlights the provisions affecting foreign investments.
Amortization of intangibles
Under current regulations, intangibles are not subject to tax amortization in Chile (notwithstanding that the Chilean Internal Revenue Service has interpreted t…