Tax Expenses: What types of expenses does Chile’s IRS allow a company to deduct from its financial profit (gross income)? It is common knowledge that companies must only pay taxes from the profit forming part of its taxable base and that which they have made during a...
The return of democracy to Chile in 1989 saw the beginnings of a strong pro-growth era. The movement enabled the reform of Chile’s competition law and paved the way for the advanced regulations that we see today. Recent amendments to Chile’s competition law focus on...
ZONA FRANCA – TAKING ADVANTAGE OF IT – THAT IS, DEFERRING THE 19% Companies must pay 19% IVA (VAT or GST) on all imports to Chile. When bringing imports into the Iquique Tax Free Zone, that is, the ‘Zona Franca De Iquique’, companies can defer payment of this tax....
Improvements to the Chilean Bankruptcy Legislation Keeping viable businesses operating is among the most important goals of bankruptcy systems. A firm suffering from bad management choices or a temporary economic downturn may still be turned around. When it is, all...
Obtaining a visa for you and your family is a key step to starting a new life in Chile. However, the “visa experience” is not always a pleasant one and the process can be lengthy, complicated and stressful. A lack of understanding of the Chilean legal process...
In March, we outlined changes to the Chilean bankruptcy legislation that will go into effect later this year. These were the first changes since the legislation was lasted visited in the eighties. The legislation has two objectives that are positive for Chilean...
