On 10 April 2024, Chile's Chamber of Deputies approved the Tax Compliance Bill, which includes several measures to improve tax compliance in the country, including amendments to the Chilean tax code. The Bill must now be approved by the Senate. Notable measures include:
- The amendment of the General Anti-Avoidance Rule (GAAR), including:
- a revision of the definition of "abuse" to provide that the key feature of an "abuse" is obtaining tax benefits in an "improper" way; and
- the repeal of the c…