Chile Lower House Considers Bill on Tax Reforms, Investment Incentives

The Chilean Chamber of Deputies April 22 accepted for consideration Bill No. 18216-05, on tax reforms and investment incentives. The bill includes measures to: 1) set corporate tax rates of 27 percent for 2026, 25.5 percent for 2027, 24 percent for 2028, and 23 percent starting from 2029; 2) introduce a tax credit of up to 15 percent of employee remuneration, not exceeding 7.8 monthly tax units; 3) eliminate the 10 percent tax on capital gains from publicly traded securities; 4) establish a one-time 10 percent substitute tax for undeclared assets abroad, accumulated profits, and excess withdrawals, with a reduced ...