Chiles' new controlled foreign company (CFC) rules are effective from 1 January 2016. The new rules are included under Article 41 G of the Chilean Income Tax Law, which was introduced with Chile's 2014 tax reform.
Under Article 41 G, all taxpayers domiciled, resident, or incorporated in Chile that have direct or indirect control over foreign entities must treat the passive income accrued or received by the controlled entities as accrued or received in Chile.
A foreign entity, including a co…