Chilean Chamber Considers Bill for Tax Amendments Benefiting Middle-Class and SMEs with VAT Reductions

• Chilean Chamber of Deputies accepted Bill No. 17707-05 on July 22
• Bill aims to amend tax measures for middle-class individuals and SMEs
• Includes a two-year VAT reduction for new businesses
• VAT reduction is 100 percent for the first 12 months
• VAT reduction is 50 percent for the next six months
• VAT reduction is 25 percent for the last six months

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---