Chile's Senate reportedly approved a bill on 18 August 2020 that provides emergency tax measures in response to the COVID-19 pandemic. Some of the main measures include:
The bill must be signed and published before entering into force. Additional details will be published once available.
Unidad de Fomento (UF) is an indexed unit equal to CLP 28,679.45 (~USD 36.92) as on 31 August 2020.
Note - This article has been updated to reflect that full depreciation write-off applies for assets acquired from 1 June 2020 to 31 December 2022.