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Circular N° 52. Ref. Legal: (Ley n° 20.780, 2014)

Circular N° 52. Ref. Legal: (Law N° 20.780, 2014)

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Summary

Tax reform that modifies the purpose of this law is to increase tax collection to generate permanent income to cover permanent expenses, with the purpose of resolving inequality gaps. The most important of the changes that it seeks to finance with the highest collection is the one aimed at moving towards a more equitable and quality education at all levels. Not only to achieve greater social inclusion, but also so that numerous professionals and technicians with increasing degrees of qualification give the boost that our economy needs. The message expresses that those who have more will contribute more, so that the tax structure alone will contribute to reducing the gap between rich and poor in our country. In addition, the aim is to introduce new and more efficient incentive mechanisms for savings and investment.

Thumbnail image for Tax reform that modifies the purpose of this law is to increase tax collection to generate permanent income to cover permanent expenses, with the purpose of resolving inequality gaps. The most important of the changes that it seeks to finance with the highest collection is the one aimed at moving towards a more equitable and quality education at all levels. Not only to achieve greater social inclusion, but also so that numerous professionals and technicians with increasing degrees of qualification give the boost that our economy needs. The message expresses that those who have more will contribute more, so that the tax structure alone will contribute to reducing the gap between rich and poor in our country. In addition, the aim is to introduce new and more efficient incentive mechanisms for savings and investment.
Issuer

Chile

Year

2014

Region

South America

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Mining, Quarrying, Oil & Gas Extraction
  • Transportation & Warehousing
  • Arts, Entertainment, & Recreation
  • Manufacturing
Restrictiveness

Very High

Sustainable Development Goals (SDGs)
  • SDG 7: Affordable and Clean Energy
  • SDG 9: Industry, Innovation, and Infrastructure
  • SDG 13: Climate Action

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