On 28 September 2020, the Chilean tax authorities (CTA) issued Resolution Ex. No. 119 of 2020, amending rules on reporting indirect transfers of Chilean entities and assets. The Resolution will be effective 1 January 2021.
Disclosure exemption eliminated
Currently, the instructions for reporting indirect transfers exempt acquirers and the Chilean companies subject to the transfers from the reporting requirement if the transferors report the transactions. The Resolution eliminates the exe…