• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 12/18/2013

Chile - Harmonization of tax treatment of corporations, partnerships 

December 18: Chile’s tax administration (Servicio de Impuestos Internos-SII) issued guidance to implement certain income tax measures relating to the treatment of corporations and partnerships and to the treatment of certain employee benefits.

Ley 20.630 was enacted in 2012 and contains provisions concerning the harmonization of the income tax treatment of corporations and partnerships, with both treated as taxable entities.

Circular 45 was issued in September 2013 by the SII as guidance for the tax treatment of corporations and partnerships.

In addition, Circular 2877 was issued in October 2012 by Chile’s social security administration (Superintendencia de Seguridad Social), with changes to the rules concerning employee benefit plans administered by certain agencies (Cajas de Compensación), and a deadline of 31 December 2013 for taxpayers whose plans are administered by the agencies to make certain adjustments.

Read a 2013 report (Spanish) [PDF 883 KB] prepared by the KPMG member firm in Chile: Boletín Informativo Tax & Legal Octubre 2013

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