Chile Congress approves sweeping Kast reform to spur growth, rollout to face delays

SANTIAGO, Aug 4 - Chile's Congress on Tuesday approved a sweeping reform package championed by President Jose Antonio Kast, aimed at reviving growth in the world's largest copper producer through corporate tax cuts and incentives for investment.

Chile · Taxes Key Facts The reform. Chile’s Chamber of Deputies passed most of President Kast’s tax overhaul on July 22. Corporate cut. The corporate tax rate falls gradually from 27 to 23 percent by 2029. For older owners. First homes of people over 65 are exempted from municipal property tax. Unchanged. The three-yea