Chile Publishes Instructions on Appraisal Authority and its Application to Corporate Reorganizations
By EsqSocial Corporation 14/04/25
Chile’s Internal Revenue Service (SII) has issued Circular No. 23, providing instructions on the new text of Article 64 of the Tax Code – also known as the Tax Reform. In Chile, the SII has the legal power to assess the price or value assigned to a transaction when it differs significantly from normal market values. If the SII exercises this power and determines a difference between the fixed price and its normal market value, it will apply a single tax at a rate of 40 percent on the amount of...
By: DLA Piper