Chile is poised to enact one of its broadest pro-investment economic reforms in decades, boosting investor confidence and regulatory certainty and likely spurring economic growth at the expense of rising fiscal pressures. On July 21, Chile's Chamber of Deputies approved 27 of 28 Senate amendments to President Jose Antonio Kast's flagship economic reform, leaving just one proposal to be voted on before the entire reform package can be fully implemented. The bill, known formally as the National Reconstruction and Economic and Social Development, amends 36 laws and 15 decrees. It includes Chile's first corporate tax cut in 40 years, the full integration of the corporate and personal income tax systems, and a capital gains exemption on share sales. The changes also include streamlined permitting processes, incentives for capital repatriation and a one-year VAT exemption on home purchases, as well as employment subsidies to encourage formal hiring. Lastly, it aims to...
