The SII is considering whether business groups with a single Chilean subsidiary or multiple Chilean entities under a foreign parent must appoint a common representative.
Chile’s tax authority (SII) launched a consultation on whether business groups must appoint a common representative for business groups based in Chile.
SII proposed two cases:
In the first case, a group with one Chilean subsidiary and a foreign parent company is involved. The SII suggests that if the Chile-based entity is the group’s only subsidiary in the country, it can appoint the attorney-in-fact and provide its data as the sole local member.
In the second case, SII highlighted a group of Chilean entities without a local holding company, all controlled by a foreign parent. In the case of multiple local entities in the same group controlled by a foreign parent company, the group can select one entity to appoint a common attorney-in-fact, listing all Chile-based entities and their respective percentages of direct and indirect participation by the parent company.
