The Chilean Official Gazette July 26 published Law No. 21,462, amending various tax provisions contained in Law No. 21,420. The law includes measures: 1) reducing the mining license for an exploitation concession to one-tenths of a monthly tax unit per hectare from three-tenths; 2) granting construction companies the right to deduct 0.325 from the VAT determined for general construction contracts signed with beneficiaries of housing subsidies, granted by the Ministry of Housing and Urbanism; and 3) applying specific laws in effect on March 31 to operations carried out between April 1 and July 26. [Chile, Official Gazette, 07/26/22]
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