On 27 September 2012, Law 20,630 was published in the Official Gazette providing a tax reform, the purpose of which is to finance the education system and to address deficiencies of the tax law. Amendments are generally effective from 1 January 2013 unless indicated otherwise by the law.
It is expected that the reform will annually increase the tax revenue by approximately USD 1,000 million, which would be used to improve the quality of the education in the country.
Basically, the tax r…
OrbitaxTax reform – Enacted
