Chilean Legislation meant to simplify and clarify certain provisions of the 2014 tax reform was signed into law and promulgated by the president on 1 February 2016. The legislation affects a number of areas of the 2014 tax reform, including the two new tax regimes, the standard attribution regime (AIS) and the partially integrated regime (PIS), which apply from 2017, as well as the new CFC and thin capitalization rules, the new general anti-avoidance rule (GAAR) and others.
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