On November 7, 2020, Law 21.283 was published in the Official newspaper and it went into force. This law makes changes to the minimum wage.
The employment aid plan, has gone into force, with the goal of recovering and creating jobs that were lost due to the coronavirus pandemic. The plan will operate on two options a “Return Aid” for employees whose employment was suspended due to Covid-19 quarantines, and a “Hiring Aid ” for new hiring’s.
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.