The Chilean tax authority (Servicio de Impuestos Internos - SII) has published Letter Ruling No. 1065 on 1 June 2020 concerning the taxation of a spin-off (division) reorganization of a Chilean entity that will result in three entities. Under the reorganization, the three shareholders in the original entity would hold the same proportion of shares in the resulting three entities, and then a share swap would be performed such that each shareholder becomes a sole shareholder of each entity. The…