As previously reported, Chile's Ministry of Finance has submitted draft legislation to Congress for the modernization of taxation, which includes reforms of the tax system to encourage growth, entrepreneurship, investment, savings, and employment. Some of the key measures of the draft not {News-2018-08-27/P/2-previously reported} include:
- The revision of the domestic law definition of permanent establishment to bring it in line with the latest OECD guidelines;
- The amendment of the rules on e…