Chilean President Announces COVID-19 Economic Emergency Plan

Chilean President Sebastián Piñera announced an Economic Emergency Plan on 19 March 2020 to protect labor income, employment, and companies (especially SMEs) during the COVID-19 pandemic. Tax measures to protect jobs and the companies that generate them include:

• The suspension of monthly provisional payments of corporate income tax for the next 3 months;
• The postponement of VAT payments for the next 3 months for companies with sales of less than 350,000 UF, after which payment is allowed in…