As previously reported, Chile provided a reduced corporate (first category) tax rate of 10% for qualifying SMEs under the Pro Pyme regime in response to the COVID-19 pandemic as part of Law No. 21.256 of 2020. The reduced rate originally applied from 2020 to 2022 and was subsequently extended by Law No. 21.578 of 2023 to also apply in 2023, with a reduced rate of 12.5% applying in 2024. A temporary reduction in the monthly advance (provisional) payment rates is also provided. From 2025, the s…