by Harris Gomez | May 8, 2021 | Chile, Multinational, Taxation
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...
by Harris Gomez | May 8, 2021 | Chile, Taxation
For most new companies entering Chile, the one thing that is taken for granted is the ease of opening a bank account. In Australia, Canada or the UK, you can set up an account with one visit to the bank. These countries make it incredibly easy to set up an account at...
by Harris Gomez | May 8, 2021 | Chile, Taxation, Uncategorized
Chile Tax Reform Overview Chile’s President Michelle Bachelet has sent a major tax reform bill to congress that sets out to raise corporate taxes to finance better education. It is expected to be approved by Congress with no key changes and to be enacted before...
by Harris Gomez | May 8, 2021 | Chile, General, Multinational, Taxation
Small and medium enterprises (SMEs) are important to almost all economies in the world, but especially to those in developing countries because of their effect on employment and income distribution. In Chile, SMEs are divided into segments: micro, small and...
by Harris Gomez | May 8, 2021 | Multinational, Peru, Taxation, Uncategorized
One of the most challenging aspects of providing services abroad is negotiating that country’s tax laws. Doing business in Peru is no exception. The good news. No income tax is payable by a foreign company providing services to a Peruvian company unless the service...