Chamber of Deputies approved indications to the bill that reduces or eliminates exemptions and incorporated annual wealth tax

Chamber of Deputies approved indications to the bill that reduces or eliminates exemptions and incorporated annual wealth tax

On December 21st, 2021, , the Executive presented a bill that reduces or eliminates tax exemptions in order to finance the Universal Guaranteed Pension ("PGU"), proposing in general terms to eliminate exemptions, such as those established for the highest amounts obtained for the sale on the stock market of certain instruments with a stock market presence, the special credit to construction companies, the limitation of tax benefits related to affordable housing DFL2, the non-rental income for the sums received by beneficiaries of life insurance and adding VAT to the provision of services. As a result, a group of deputies made a series of...

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Opinion article on Domicile and Tax Residence

Opinion article on Domicile and Tax Residence

Diario Financiero publishes today the opinion column of our Tax associate, Lucas Ortega, on the effects of the acquisition and loss of tax domicile that the Chilean IRS regulated at the end of 2021 with circular 63/2021. To read the column, here.

Fischer y Cía. advises on the sale of Bebesit to Merama

Fischer y Cía. advises on the sale of Bebesit to Merama

Merama Holdings LLC., which has just become a new “unicorn” after closing an investment round that raised its valuation to US $ 1,200 million, closed on December 10th 2021 the acquisition of a majority stake of Sociedad Comercial e Industrial Stroller SpA , company that owns...

Exemptions and Life Insurance 

Exemptions and Life Insurance 

The Commercial Code defines “life insurance” (article 588) as the contract by which “the insurer undertakes, in accordance with the modality and limits established in the contract, to pay a sum of money to the contracting party or to the beneficiaries, if the insured dies or...