The Chilean Ministry of Finance Jan. 15 announced that the Chamber of Deputies approved VAT reform proposals to encourage the formalization of micro-enterprises, and to add anti-avoidance measures. The proposals includes measures to: 1) defer VAT payments for taxpayers initiating activities and registering sales of up to 2,400 account units (UF) in their first two years, by allowing a 100 percent credit for VAT paid during the…
Sourc: bloombergtax.com
