Alex Fischer and royalty: “The industry needs stability”
In an interview with La Segunda newspaper, our partner Alex Fischer highlights the need to maintain the investment in the mining industry through an operating income tax and stability. To read the interview in this link.
National Registry of Alimony Debtors enters into force
On November 18th, the National Registry of Alimony Debtors (the “Registry”) came into force. It was created by Law 21,389, and with it, important measures imposed by the Law will become effective to ensure payment of food by obligors. Among others, the following restrictions will be imposed on...
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...
Tax Treatment of Life Insurance with Savings
Circular No. 21 of 2022 Life insurance with savings includes, together with coverage for the risk of death, disability or others, the accumulation of savings in a single investment account ("CUI"), whose funds can be fully or partially withdrawn by the insured beforehand upon...
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
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
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...
