RT2022: Alex Fischer boosts a long-lasting fiscal covenant
In today´s seminar, organized by Addwise, Alex Fischer highlighted the importance of Chile demonstrating structural tax stability. “Each government has presented its own tax reform, with emphasis on its government plan, and this has led to a change in the basic rules every four years. The tax system of a country cannot be circumstantial, we must be able to reach a macro agreement that gives stability to the country”. Likewise, in the face of this reform and the political changes that have taken place in recent years, he pointed out that he advises to his clients to keep calm, since the Government has shown signs of rapprochement on the most...
RT2022: Isabel Espinoza comments on the modifications on inheritances and donations taxes
Today in Diario Financiero newspaper, our partner, Isabel Espinoza points out that “the most relevant modification is related to the valuation of the assets that are part of the estate (or that are donated). In this regard, the Reform introduces a complex set of rules applicable to different types...
TR2022: Juan Cristóbal Ortega alerts about the effects on investment
Our partner, in Diario Financiero newspaper, comments on the possible effects of taxing retained earnings in investment companies and affirms that they “provide a good reason for the profits of a business to remain in Chile and not be remitted abroad, triggering taxes. This...
Gert Greve: Implications of the proposed new Constitution on the tax system
Our senior associate comments in Diario Financiero newspaper on the novelties that the draft of the new Constitution would incorporate in the tax fundamentals of Chile. To read it, here
New Constitution: Juan Cristóbal Ortega analyzes the principles of the proposed tax system
Our partner, Juan Cristóbal Ortega, argues in El Mercurio newspaper that although the classic constitutional principles regarding taxes are enshrined, the project incorporates concepts whose scope is not clear. A change in the way of conceiving the tax system is noticeable,...
Alex Fischer highlights the importance of the structuring the mining royalty
Today, our partner comments in Diario Financiero and La Segunda newspapers that "the most important thing for Chile is that the mining royalty be well structured." He assures that many details are missing that will be known when the text is published, but for now, it is...
Main focuses of the Tax Reform
Today the Executive informed the guidelines of the first part of the Tax Reform. In order to support the understanding and debate around the project, Fischer y Cía. has developed the web page www.reformatributaria2022.cl, which will be constantly updated. There you will find...
Alex Fischer analyzes the tax system under the new Constitution
According to our partner, in the proposal for the new Constitution, taxes sacrifice efficiency to meet specific objectives of economic policy, ceasing to be a promotion tool. Likewise, he ensures that it is based on concepts that lack doctrinal or jurisprudential basis, which creates a great margin of interpretative discretion that will generate uncertainty for at least a few years.
Fintech Law project amendments
Last Thursday, June 9th, the Ministry of Finance submitted different instructions to the Senate regarding the Fintech Law project. Its objective is to make clarifications to the project in parliamentary process in the Senate's finance commission, among which the following can...
Issuers of means of payment: Change of VAT subject
Circular 42 of June 2020 issued by the Chilean Internal Revenue Service (“SII”) instructs on the VAT taxable event established in letter n) of article 8 of the Sales and Services Tax Law (“LIVS”) and states its power to apply a change of subject so that the issuers of means of...
New Migration Decree
On May 14, the Home Office issued Decree 177, which establishes migratory subcategories of temporary residence (“New Migration Decree”). The majority of migration permits must be processed from abroad, and there are requirements established for each migratory category. This is...