From January 2015, micro, small and medium companies can access to the benefits of the new Simplified Tax Regime 14 Ter.
This new regime seeks to encourage investment, working capital and liquidity of these companies through benefits such as:
1. Simplified Taxation.
2. Exemption from tax 1st category from 2017.
3. Reduction in the rate of PPM paying only 0.20% of revenues until September 2015.
These benefits are subject to specifics characteristics of a taxpayer and a validity calendar, information available in https://www.sii.cl
Taxpayers which happen to be included in the new 14 Ter might be released from certain accounting and tax obligations such as:
1. Take full accounting.
2. To prepare balances and inventories.
3. Monetary correction and depreciation of fixed assets, among others