In September 2014, Law No. 20.780 materialized the most profound change in the last 40 years regarding taxes in Chile. Today, the issue is back on the table with the Tax Obligations Compliance project, promoted by the Government.
Law No. 21.681 was published this week, which creates a fund to rebuild the areas damaged by the February fires. Among the financing measures, a new optional and transitory regime of substitute tax for final taxes, formerly known as ISFUT, is included.
These days, not everything is Operation Income: real estate taxes, tax surcharge and tax on high value assets are -among others- tax issues to be considered in this fourth month of the year.