Last month, the government submitted a tax reform bill proposing significant changes to Chile’s tax structure. To help taxpayers understand the proposed changes and their implications for their income and assets, FYNSA organized a series of breakfast meetings with its clients, featuring various specialists from several law firms.

As you may recall, the proposed tax reform includes, among other things, the following changes:

• • Restructure the Semi-Integrated Income Tax System
  • Taxes the distribution of profits or dividends from a company to an individual with a Capital Gains Tax
  • Establishes a Wealth Tax
  • Strengthens the General Anti-Avoidance Rule
  • It maintains the progressive structure of the Global Complementary Tax and the Single Second-Category Tax, but with rates that increase as income exceeds CLP $4 million, creating new brackets and rates for both the Global Complementary Tax and the Single Second-Category Tax.
  • Eliminates tax exemptions for leases of DFL2 properties

The following people attended the breakfasts: María Paz de Carcer and Javier Cerón, from the law firm Carola-Diez y Pérez-Cotapos; Ricardo Warnier, from Warnier & De La Cerda; Juan Andrés Larrondo, from Honorato|Delaveau; and Sebastián Martínez-Conde and Eduardo Torreti, from Torreti & Cía.