On 5 November 2019, Chile's government and the senate reportedly reached an agreement on revisions to the country's planned tax reforms.
One of the key measures agreed to is the continuation of the partially integrated corporate regime (PIS regime) for large companies, with the imputation credit for First Category Tax (FCT) limited to 65% of the FCT paid on the underlying profit against the tax payable on distributions to non-resident shareholders and domestic individual shareholders. Howev…