RT2022: Isabel Espinoza comments on the modifications on inheritances and donations taxes

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 of assets, with countless cross-references, which will surely generate various interpretation problems and difficulties in the application. Likewise, in certain cases it is required to certify the market value of the assets through reports prepared by independent agents, which, although it may be reasonable and necessary for certain specific...

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A Chilean Cryptocurrency

A Chilean Cryptocurrency

The Central Bank, within its mandate to ensure the normal functioning of internal and external payments, has addressed the relevance of issuing a digital currency (MDBC for its initials in Spanish), considering the current progress in the digitization of transactions. As a...

Guaranteed Minimum Income Subsidy: New employer obligation

Guaranteed Minimum Income Subsidy: New employer obligation

On May 3rd, 2020, Law No. 21,218 came into effect, creating a Subsidy to achieve a Guaranteed Minimum Income. The subsidy is an economic aid from the State for dependent workers with ordinary working hours (that is, more than 30 hours), which allows workers to increase their...

Modifications to the tax treatment of life insurance

Modifications to the tax treatment of life insurance

On February 4th, 2022, Law 21,420 was published and modified Law 16,271 on Tax on Inheritance, Assignments and Donations, and eliminated the exemption that Article 20 contained regarding life insurance, consequently taxing the indemnities that the beneficiaries could receive at...

About the US-Chile Tax Treaty

About the US-Chile Tax Treaty

On March 29th, the US Committee on Foreign Relations (the "Commission") approved the resolution ratifying the agreement to avoid double taxation between this country and Chile (the "Treaty"), subject to two reservations, and proposed to the full Senate (the "Full") to provide...

ISFUT: Last week to use this benefit

ISFUT: Last week to use this benefit

This Friday, April 29th, is the deadline for taxpayers of the First Category Tax, who maintain accumulated profits prior to the year 2017, to qualify for the payment of a Substitute Tax (ISFUT) with a rate of 30%. About the Substitute Tax of the Final Taxes- ISFUT The tax...

Mining Royalty: The Real Debate

Mining Royalty: The Real Debate

Alex Fischer states, in an opinion column published today by Diario Financiero, that the discussion on the mining royalty should focus on achieving a greater contribution without implying a disincentive to invest. This would be achieved without the need to change its structure,...