THE CHILEAN INTERNAL REVENUE SERVICE ADDS NEW SCHEMES TO ITS CATALOGUE
By including these new schemes, the Chilean Internal Revenue Service (the “SII”) intends to guide taxpayers in situations that may be subject to a tax audit, in accordance with Law No. 20,393 (the “Law”) dated November 25, 2009, thus granting greater legal certainty regarding potentially risky operations.
There are thirteen new cases referring to local operations and four having a cross-border reach. Most of them refer to corporate taxes, adding three Value Added Tax (“VAT”) payment cases and three cases under Law No. 16,271 on Inheritance, Allocations and Donations Taxes, as well as high personal wealth and multinational companies’ cases framed within the 2019 Tax Compliance Management Plan.
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