Tag: Chile
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Article 41 G of the Chilean Income Tax Law
Article 41 G of the Chilean Income Tax Law establishes the CFC (Controlled Foreign Corporation) rules in Chile. These rules require Chilean taxpayers-whether individuals or entities domiciled, resident, or incorporated in Chile-who directly or indirectly control foreign entities, to recognize certain types of income earned by those foreign entities as if they had accrued or…
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Country-by-Country Reporting (CbCR) in Chile
Chile has aligned its tax transparency rules with the OECD’s BEPS Action 13 recommendations by implementing Country-by-Country Reporting (CbCR). These requirements are designed to provide tax authorities with a comprehensive view of the global operations and profit allocation of multinational enterprise (MNE) groups. This guide outlines the CbCR obligations in Chile, including eligibility thresholds, filing…
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How CbC reporting is presented in Chile
Chile has joined the growing number of countries implementing the Country-by-Country (CbC) reporting requirements as part of the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) initiative. The purpose of CbC reporting is to increase tax transparency among multinational corporations (MNCs) and to prevent them from avoiding taxes. The Chilean…
CbC Reporting 