Chile Gazettes Law Introducing Reporting Requirement for Overseas Investments

Daily Tax Report: International Aug. 9, 2022, 5:00 AMThe Chilean Official Gazette June 30 printed Law No. 21453, introducing the reporting requirement for abroad investments. The regulation consists of measures: 1) requiring corporations to report particulars of the investments made in another country; 2) establishing June 30 because the deadline for submitting annual declarations for reporting the earlier 12 months’s investments; 3) imposing the requirement to report all investments, together with shares or different funding automobiles; 4) requiring taxpayers to report extra particulars for investments made within the low or no tax nations; 5) introducing anti-abuse guidelines for reporting passive revenue obtained below managed international firm (CFC) guidelines; and 6) … © 2022 The Bureau of National Affairs, Inc. All Rights Reserved

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