The tax reform package submitted by the Chilean government to the Congress on 23 August 2018 has been approved by the Chamber of Deputies. Some of the tax law changes in the reform package include:
- a 19% VAT rate to be applied to digital services rendered in Chile by non-residents;
- a new concept for tax deductible expenses;
- a new definition of permanent establishments
- the simplification of the GAAR rules; and
- the establishment of "green taxes".
The approved text of the tax reform package …