Skip to content Skip to footer

Loading Results

New Chilean regulations on indirect Chilean asset transfers may increase reporting obligations

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

December 2020

Overview

Chilean Tax Authorities issued Resolution N°119/2020 on September 29, amending the reporting requirements for indirect transfers of Chilean assets beginning January 1, 2021, including for shares in a Chilean company, movable or immovable property located in Chile, and Chilean permanent establishments (i.e.,1 Form N°1921).  The new requirements may increase compliance requirements for companies involved in the underlying transactions.

The takeaway

Beginning January 1, 2021, all involved parties in transactions that involve an indirect transfer of Chilean assets should consider the more burdensome filing requirements, including the need to obtain a Chilean Tax ID and appoint a representative in Chile.

Contact us

Bernard Moens

US International Tax Inbound Leader, PwC US

Follow us