News Alerts

Bill to Support Families and Micro, Small and Medium Enterprises due to Covid-19

March 26, 2020

On March 23, the Government of Chile sent the Bill that contains some of the economic measures of the Emergency Economic Plan announced last Thursday, March 19.

The measures contained in the project are the following:

  • Family Income Support Bonus for recipients of certain family subsidies.
  • Extraordinary capitalization of the Banco del Estado for USD $500 million.
  • Transitory reduction to 0% of Stamp Tax rate for credit operations held between April and September 2020.
  • Several measures to increase the flow of fiscal resources available to implement the Emergency Economic Plan.

The document that contains the Bill can be reviewed by clicking here (available only in Spanish).

If you have any questions regarding the matters discussed in this news alert, please contact the following attorneys or call your regular Carey contact.

 

Jessica Power
Partner
+56 2 2928 2226
jpower@carey.cl

Manuel José Garcés
Partner
+56 2 2928 2226
mgarces@carey.cl

Andrés Carrasco
Associate
+56 2 2928 2226
acarrasco@carey.cl

 


This news alert is provided by Carey y Cía. Ltda. for educational and informational purposes only and is not intended and should not be construed as legal advice.

 

Carey y Cía. Ltda.
Isidora Goyenechea 2800, 43rd Floor
Las Condes, Santiago, Chile.
www.carey.cl


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