During the last time transfer pricing has gain increasing importance in Chile, because the Chilean tax administration has requested different agencies and companies, that are part of multinational enterprises to give a statement on oath about the system used to determine their prices of the intercompany transactions. The income tax law (DL 824) establishes on … Continue reading »
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Loan from abroad & taxes
·When a foreign company wants to grant a loan to her foreign branch in Chile there are a couple of things she has to have in mind. First, a loan agreement has to be informed to the Chilean Central Bank when the money arrives. It is important to inform the loan to avoid to be … Continue reading »
New CO2 regulations in Chile
The new decontamination plan for Santiago: a) Establishes cars’ importers obligation to declare the CO2 emissions for each type of vehicle they import a) Renders the Health authority the power to use the CH-3B method to establish the amount of particulate matter smaller than 10 microns (PM10) emissions from point sources by measuring the amount … Continue reading »
Pesticide’s registration in Chile
Before a pesticide can be commercialized in Chile, it has to undergo a lab analysis first. For this purpose a foreigner can either create a new company or appoint someone here in Chile that will ask for the registration under his own name and afterwards transfer the registration to your company, when it establishes a … Continue reading »
Forming a company in Chile
In Chile we have 3 types of companies that come into consideration for a foreign company or a foreign individual and this are a private limited liability company (sociedad de responsabilidad limitada), a company by shares (sociedad por acciones) and a corporation (sociedad anónima). In all of them shareholders are not personally liable for the … Continue reading »
Outsourcing in Chile
The Chilean law for contractors and subcontractors, that amended the Labor Code, sets forth a number of principles to secure the contractors and subcontractors employee’s rights. The law prescribes that a regulation will lay down all the specific requirements that the owner of the site should fulfill. The contractor and subcontractor law stipulates that … Continue reading »
Legal system
Chilean legal system is based on the Constitution, which provides the framework for all the Chilean legislation and establishes the rights all Chilean citizens have and that are granted by the State. No law may contradict the Constitution. The last constitution is from the year 1980, but has been amended several times through the years. … Continue reading »
