Chile implemented a reduced corporate tax rate of 10% for qualifying SMEs under the Pro Pyme regime as part of Law No. 21.256 of 2020 in response to the COVID-19 pandemic. The reduced rate, initially effective from 2020 to 2022, was extended by Law No. 21.578 of 2023 to also include 2023. The tax rate is scheduled for further reduction to 12.5% for 2024.
Additionally, a temporary reduction in the monthly advance payment rates is implemented.
Starting in 2025, the standard rate of 25% for SMEs under the Pro Pyme regime will be reinstated.
