• The Corporate Income Tax rate is gradually reduced from 27% to 23% for medium and large enterprises.
• This reduction will be implemented progressively:
  • 27% for income accrued or received during the 2026 commercial year;
  • 25.5% for income accrued or received during the 2027 commercial year;
  • 24% for income accrued or received during 2028 commercial year; and
  • 23% for income accrued or received during 2029 commercial year.
• The rates indicated for 2026 and 2027 will not apply to the taxpayers referred to in Article 14(G) of the Income Tax Law.
• Accordingly, the monthly provisional tax payments (PPM) that taxpayers must make for the months of January through March of 2027 to 2029 are adjusted as follows:
  • For the months of January through March 2027, they will be reduced by 5.56%;
  • For the months of January through March 2028, they will be reduced by 5.88%;
  • For the months of January through March 2029, they will be reduced by 4.17%.

Effective date: November 1, 2026, with gradual implementation.

• The Corporate Income Tax paid by companies will be fully creditable -at 100%, instead of 65%- against the final taxes applicable to its owners (Personal Income Tax or Withholding Tax).
• The obligation to repay 35% of the credit is eliminated.
• This measure will be applied gradually, reaching a fully integrated tax system in 2030. Accordingly, the obligation to repay Corporate Income Tax credits will be gradually reduced as follows:
  • 30% for credits generated during tax year 2028;
  • 20% for credits generated during tax year 2029;
  • 0% as from tax year 2030.
• This amendment seeks to simplify the structure of the tax system and strengthen investment incentives by eliminating the need to distinguish between local and foreign investors, as well as between investors resident in jurisdictions with double taxation treaties and those resident in jurisdictions without a treaty.

Effective date: January 1, 2027, applied gradually until December 31, 2028.

1.- New credit for companies exporting knowledge-based services within the digital economy.

• Companies that export knowledge-based services within the digital economy may deduct from the Corporate Income Tax a credit calculated on the salaries of their employees.
• The credit is equal to 15% of the portion of the salary associated with the export of these services of each employee domiciled and resident in Chile, with a maximum cap of 75 UTM per year per employee.
• This percentage will be increased by 5 percentage points per employee when, for tax purposes, the company has its headquarters or branches in a region other than the Metropolitan Region, or in rural municipalities of that region, provided that the employees mainly perform their work at those locations.
• Any excess credit will not be refundable, but it may be credited against the Corporate Income Tax payable in subsequent fiscal years, duly adjusted for CPI.

Effective date: November 1, 2026.

• Tax credit for financing the treatment of catastrophic illnesses
• A credit against the Corporate Income Tax is created for payments made by companies to finance the treatment of catastrophic illnesses for dependent employees, as well as for their children aged 25 or under, spouses or civil partners.
• The credit will have a total cap of 150 UTM per employee, applicable throughout the entire term of the employment relationship.
• To access the credit, payments must be made directly by the employer to providers registered in the Accredited Providers Registry of the Superintendency of Health. In addition, the employee must have at least 2 continuous years of service and be current on all social security contributions.

Effective date: January 1, 2027.