New regulations on commissions in money credit operations

New regulations on commissions in money credit operations

This week the Commission for the Financial Market ("CMF") issued General Rule No. 484 that sets the requirements that must be met by commissions charged in money credit operations in order to not be considered as interest, in accordance with the provisions in Law No. 18,010 on Money Credit Operations (hereinafter, the “NCG”). Pursuant to Law No. 18,010, interest is any sum received or entitled to receive by the creditor over and above the capital or readjusted capital, depending on whether they are non-adjustable or readjustable credit operations. On the other hand, Law No. 21,314 of 2021, which establishes new transparency requirements and...

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New legal guidelines for influencers

New legal guidelines for influencers

Given the relevance that native advertising and influencers have acquired, the National Consumer Service (“SERNAC”) supplemented the Interpretative Circular on advertising and commercial practices of February 2022 (exempt resolution number 176), through circular interpretation on native...

RT2022: Alex Fischer boosts a long-lasting fiscal covenant

RT2022: Alex Fischer boosts a long-lasting fiscal covenant

In today´s seminar, organized by Addwise, Alex Fischer highlighted the importance of Chile demonstrating structural tax stability. “Each government has presented its own tax reform, with emphasis on its government plan, and this has led to a change in the basic rules every four...

Main focuses of the Tax Reform

Main focuses of the Tax Reform

Today the Executive informed the guidelines of the first part of the Tax Reform. In order to support the understanding and debate around the project, Fischer y Cía. has developed the web page www.reformatributaria2022.cl, which will be constantly updated. There you will find...

Alex Fischer analyzes the tax system under the new Constitution

Alex Fischer analyzes the tax system under the new Constitution

According to our partner, in the proposal for the new Constitution, taxes sacrifice efficiency to meet specific objectives of economic policy, ceasing to be a promotion tool. Likewise, he ensures that it is based on concepts that lack doctrinal or jurisprudential basis, which creates a great margin of interpretative discretion that will generate uncertainty for at least a few years.