The new law extends the reduced 12.5% rate through 2025-2027, with a 15% rate starting in 2028.
Chile published Law No. 21755 in the Official Gazette on 11 July 2025, extending the temporary reduced corporate tax rate for qualifying SMEs under the Pro Pyme regime.
Initially introduced during the COVID-19 pandemic, the reduced rate was 10% from 2020 to 2023 and 12.5% in 2024 until present.
The new law extends the 12.5% rate through 2025, 2026, and 2027, with a 15% rate set for 2028.
This follows a proposal submitted to Chile’s Chamber of Deputies on 22 January 2025, to temporarily reduce the corporate tax rate for qualifying SMEs under the Pro Pyme regime.
