Tax Reform: Main Modifications February 7, 2020

On Wednesday, January 29, Congress approved the Bill that Modernizes Tax Legislation, so it is expected to be promulgated and published as a law during March 2020. In this context, the Barros & Errázuriz Tax…

National Economic Prosecutor’s (FNE) Requirement in Minority Participations January 29, 2020

Yesterday, the first two requirements of the National Economic Prosecutor’s Office (“FNE”) were made public before the Competition Tribunal (“TDLC”), for breach of Article 4 bis of Decree Law No. 211, which sets the Rules…

Modification to the Regulation of the Public Procurement Law January 28, 2020

On January 21, 2020, Decree No. 821 was published in the Official Gazette that “Modifies Supreme Decree No. 250, of 2004, of the Ministry of Finance, which approves Regulation of Law No. 19,886, of Bases…

Increase in the percentage of applicable retention to independent workers and new contribution base January 22, 2020

As of January 2020, the retention rate applicable to independent workers who issue fee receipts has been updated. Likewise, and as usual at this time, the Pensions Superintendence has informed the new contribution base that…

New opportunity to benefit from the Substitute Tax January 20, 2020

After several amendments, the new Tax Reform Bill, issued by the Senate on January 15th, will allow taxpayers to opt for a 30% substitute tax in replacement of final taxes (Global Complementary Tax or Withholding…

Patent List Water Rights Process 2020 January 15, 2020

As of today, January 15th, 2020, the DGA Resolution No. 2,820 dated December 30th, 2019 was published in the Official Journal of the Republic of Chile, which establishes the list of rights to use water…

Financial Market Commission (CMF) publishes modification to the regulations on outsourcing of services in banks and financial institutions December 30, 2019

On December 26, 2019, and after a public consultation process, the Financial Market Commission (CMF) published a modification to the normative that regulates the conditions for banks, auxiliary financial companies and issuing and payment card…

Labor & Employment Highlights in the economies that makes up the Pacific Alliance December 18, 2019

“Labor & Employment Highlights in the economies that makes up the Pacific Alliance (2019-2020)” is a white paper made by Affinitas, which summarizes the main labor and employment developments in Chile, Colombia, Mexico and Peru…

Update of the Tax Schemes brochure (SII) December 17, 2019

On December 13th of this year, the update of the Tax Schemes brochure was announced by the Internal Revenue Service (Servicio de Impuestos Internos “SII”). This version complements the 2016 consultation guide, which contains cases…

Requirement to comply with the quota established in the Labor Inclusion Law and inform the Labor Direction (Law No. 21.015) December 12, 2019

Within the month of December, the Inclusion Law must be complied, and in January 2020 all companies must inform the Labor Direction of both the total number of workers hired during the year, and fulfill…