Chile published Law No. 21.420 in the Official Gazette on 4 February 2022, which reduces or eliminates certain tax exemptions in order to fund expanded pension benefits. Some of the main measures include:
- The elimination of the income tax exemption on capital gains from the transfer of shares quoted on the stock exchange with the introduction of a 10% single tax on such gains withheld by the acquirer, stockbroker, or securities agent acting on behalf of the seller or at a provisional rate o…