Global Daily Tax News, Chile Urges Uptake Of Litigation Settlement Amnesty, (Dec 16, 2024)

Chile's federal tax agency has issued a statement highlighting an ongoing tax amnesty scheme for taxpayers to settle ongoing legal proceedings.

Under Law No. 21,713, taxpayers can benefit from a waiver of penalties and interest on certain tax amounts providing they agree to settle cases before the Tax and Customs Courts, Courts of Appeal, or the Supreme Court. The cases must have commenced prior to January 1, 2024, and must have been pending on the date the law entered into force.

Encouraging taxpayers to take advantage of the scheme, the tax agency said an estimated 1,825 taxpayers could benefit in relation to disputed amounts worth about CLP618bn (USD632m).

The initiative has been available since November 1, 2024. Applications must be filed by December 31, 2024.