ATO TARGETING EXPATS WHO CLAIM NON-RESIDENCE STATUS

ATO TARGETING EXPATS WHO CLAIM NON-RESIDENCE STATUS

by Harris Gomez | May 8, 2021 | Australia, Real Estate, Taxation

We have recently had a number of our clients receive pro-forma letters from the ATO asserting that they are tax residents of Australia and asking them to demonstrate that they are not. These letters are usually part of a bulk mail out based on the ATO data matching...
Funding your Chilean Entity: Inter Company Loan Agreements

Funding your Chilean Entity: Inter Company Loan Agreements

by Harris Gomez | May 8, 2021 | Chile, Multinational, Taxation

Harris Gomez Group has been assisting companies enter the Chilean and the Latin American region for over 10 years. On many occasions, we work with clients from their initial set up, helping their management teams understand the various differences in the way things...
HGG Chile: Taxation on Payments Made Abroad for Technology and Technical Services

HGG Chile: Taxation on Payments Made Abroad for Technology and Technical Services

by Harris Gomez | May 8, 2021 | Chile, Environment, Mining, Multinational, Taxation

Technology and technical know-how is considered an essential precondition for improving productivity, attaining industrial development and promoting export growth. Therefore, technology transfer is seen as a key element for enabling developing countries to integrate...
Expenses and the Chilean Taxation System

Expenses and the Chilean Taxation System

by Harris Gomez | May 8, 2021 | Chile, General, Multinational, Taxation

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...
Chile Tax Reform and Foreign Investment : Different Options to Evaluate

Chile Tax Reform and Foreign Investment : Different Options to Evaluate

by Harris Gomez | May 8, 2021 | Chile, Multinational, Taxation

Chile Tax Reform and Foreign Investment : Different Options to Evaluate On October 1st, the Chilean Tax Reform entered into force. At its second stage of revision, the Senate included relevant changes, all of which aim to keep Chile as an attractive investment...
ZONA FRANCA – TAKING ADVANTAGE OF IT – THAT IS, DEFERRING THE 19%

ZONA FRANCA – TAKING ADVANTAGE OF IT – THAT IS, DEFERRING THE 19%

by Harris Gomez | May 8, 2021 | Chile, Multinational, Taxation, Uncategorized

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....
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