Fischer y Cía. has created this website in order to support understanding and debate on these changes to the Chilean tax system. This is general information. Therefore, it is not necessarily complete or exact. It is also continually updated and corrected. We invite you to collaborate with this initiative by sending comments or documentation to


Business group: According to the IRS or the CMF?

May 31, 2024

Our tax associate, Antonia Menchaca, today in Diario Financiero newspaper writes about the modification of the definition of “business group” in the indications made in April to the tax reform project presented by the Government: “by applying the definition of business group in a different way of the Market Finantial Commission (CMF for its initials in Spanish), an entity specialized in the matter and to whom the legal system has entrusted its regulation, the Chilean IRS would be reclassifying the legal treatment of the operations carried out by said entities, in order to increase collection, to the detriment of the visions techniques that should predominate.”

To read the full column, here