Circular No. 52 Referencia Legal Ley N 20.780

It introduced requirements for the declaration and payment of taxes on pollutant emissions by stationary sources, as described in Article 8 of Law No. 20.780 of 29 September 2014. Establishes a system to report and monitor these matters.

Issuer name

Ministry of Finance and Environment

Government ministry

Finance/Treasury

Government ministry notes

Ministry of Finance & Ministry of Environment

More information

Issued by the tax authorities, this regulation was incorporated by the Chilean government into tax reforms of 2014. It provides for a carbon tax of USD 5 / ton CO2 emitted. It addresses stationary (large combustion and power) plants with a capacity equal to or greater than 50 MW. It will be effective as of 2017

Organizations covered by the instrument

Large private and listed companies

Target organization notes

Industrial sector

Industry scope

All/none specified

Disclosure venue

carbon tax based on data disclosure

ESG coverage - E (Environment)

Climate & GHG emissions

Status

Current

Country

Chile

Region

South America

Date of publication

2014

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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