On September 2, 2020, Law n° 21.256 was published and went into force. It includes several taxable updates to help reactivate the economy in Chile. The main updates are:
On August 10th, 2020, the Chilean Tax Office (SII) published the No. 53 ruling (Circular N° 53), which instructs about the reach of the changes introduced by the new tax law (Ley de Modernización Tributaria) on the matters such as definition of necessary expenses, which can be deducted from the companies' tax base.
Andersen Global enters the Chilean market through Collaboration Agreements with two Santiago-based firms: law firm Chirgwin Peñafiel and tax firm SPASA Consulting. The firms are in close partnership with each other and add depth and breadth to the organization’s Latin American platform as it continues its steady expansion.