The initiative will include a gradual reduction of the corporate tax rate from 27% to 20%. The incoming administration is analyzing measures to mitigate the social impact.
Read the full article at El Mercurio.
There are 46 days remaining until the change of administration takes place and José Antonio Kast assumes office as President. Less than a month after that milestone, the new administration will introduce its highly anticipated first tax reform bill.
Javier Jaque, Managing Partner of CCL Auditores Consultores, agrees that “in order to achieve fiscal balance (as a result of the tax reduction), it is necessary to have a compensatory measure, which could come from strengthening the fight against tax evasion and avoidance.”