Chile’s Chamber of Deputies have passed the Tax Compliance Bill (Proyecto de Ley de Cumplimiento de las Obligaciones Tributarias).
Earlier, Chile’s Senate approved the Tax Compliance Bill on 24 September 2024 which included key changes to general anti-avoidance rules (GAAR), the statute of limitations, and amendments to transfer pricing rules in line with OECD guidelines. It also revises the rules for recognising passive income from controlled foreign companies (CFCs).
An approved bill must be promulgated and published in the Official Gazette by the President for it to become law in Chile.
