Provided by article 14 of the Income Tax Law (LIR) as amended by Law 20,780, the tax administration of Chile has released “Circular letter 69” on 6th January 2015 that gives the administrative interpretation of the new special income tax regime for small taxpayers such as micro, small and medium-sized companies. With effect from 2015, three special income for small taxpayerpolicys are unified in the new special regime will be applicable for the year 2015 and 2016. Taxpayer who were subject to other income tax regimes on 31st December 2014 may choose to continue to be taxed under those regimes until 31st December 2016. With effect from 2017, regulations and administrative interpretation of a new special regime will be effective in accordance with a new article 14 ter LIR and are yet to be published.