Chile's Senate reportedly approved a bill on 18 August 2020 that provides emergency tax measures in response to the COVID-19 pandemic. Some of the main measures include:
- a temporary reduction in the corporate tax rate for SMEs under the Pro Pyme regime from 25% to 10% for the 2020, 2021, and 2022 fiscal years;
- a reduction in the monthly advance corporate tax payment rate on sales for SMEs from 0.25% to 0.125% for taxpayers with sales not exceeding 50,000 UF and from 0.5% to 0.25% for taxpaye…