DLA Piper

For corporate groups and unified audit procedure. Written by: Amory Heine, Francisco Argüello, and Macarena Longás, DLA Piper – Chile. On January 22, 2025, the Chilean tax authority (SII) published Circular Letter No. 6 (Circular Letter) in the government’s Official Gazette. The Circular Letter addresses corporate groups and the unified audit procedure, providing instructions related to […]

Written by: Diego Peña, Joaquin Santos, DLA Piper. The Chilean government has published Supreme Decree No. 661/2024 (DS No. 661) in its Official Gazette, introducing a series of actions to be implemented by regulated entities in order to comply with existing laws. DS No. 661 was initially issued on June 3, 2024 within the framework of […]

Written by: Diego Peña, Roberta Andreani, Martín Villalobos, DLA Piper. Law No. 21.721 was published in Chile’s Official Gazette, modifying the General Law of Electric Services (LGSE by its Spanish acronym) regarding energy transition and positioning electric transmission as an enabling sector for carbon neutrality. This reform reinforces the role of electricity transmission in the country’s […]

Raising privacy standards. Written by: Carla Illanes, DLA Piper. Chile has published a new law aimed at strengthening the protection of personal data, bringing the country’s policy up to par with international privacy standards such as those set by the European Data Protection Regulation (GDPR). The new Data Protection Law (DPL) regulates the processing of […]

Written by:Bernardita Doren María José Morales Manuel Grez, DLA Piper The Government of Chile has published Law No. 21,718, which amends the General Law of Urbanism and Construction, in addition to a series of regulatory provisions. The new law, introduced on November 29, 2024, aims to expedite the process of real estate projects by reducing the […]

Raising privacy standards. By Carla Illanes, DLA Piper – Chile. Chile has published a new law aimed at strengthening the protection of personal data, bringing the country’s policy up to par with international privacy standards such as those set by the European Data Protection Regulation (GDPR). The new Data Protection Law (DPL) regulates the processing […]

Chile enacts new tax reforms as part of Fiscal Pact. Written by:Amory Heine, Francisco Argüello, Sebastián Camus, Agustín Buzeta, Jose Basualto, DLA Piper-Chile On October 24, 2024, Chile published Act 21.713 (the Act), which makes changes to the country’s tax legislation and establishes new rules to ensure compliance. The new legislation comes as part of […]

Written by:Luis Parada, Diego Gonzalez On August 1, 2024, Karin’s Law will take effect in Chile. This legislation makes changes to the Labor Code and other legal frameworks concerning sexual and workplace harassment and introduces the concept of workplace violence. The law places new requirements on employers, with a focus on preventing, investigating, and penalizing […]

On July 2, 2024, the agreement adopted by the Board of the Central Bank of Chile to update the regulation of the issuance and operation of Payment Cards was published in the Official Gazette. Among the changes introduced to the regulations, the following stand out: a) Electronic Transfers for Payment Cards with Provision of Funds […]

On August 1, 2024, Karin’s Law will take effect in Chile. This legislation makes changes to the Labor Code and other legal frameworks concerning sexual and workplace harassment and introduces the concept of workplace violence. The law places new requirements on employers, with a focus on preventing, investigating, and penalizing harassment and violent behavior. Key […]

On May 24, 2024, after 25 years of negotiations, the World Intellectual Property Organization (WIPO) member states approved the Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge. It is the first treaty to link intellectual property, genetic heritage, and the knowledge of indigenous peoples. Below, we take a closer look at the treaty […]

Enami opens call for expressions of interest for public-private partnerships On May 16, 2024, Chile’s National Mining Company (Enami) released a call for expressions of interest for public-private partnerships for the exploration, exploitation, and benefit of lithium deposits related to the Salares Altoandinos project (hereafter referred as the Tender). The release represents a key step in the […]

The main regulations and relevant aspects to be taken into consideration with the entry into force of the 40-Hour Law are the following: 1. Progressive reduction to 40 hours by 2028 On 26 April 2024, the maximum ordinary weekly working day was reduced from 45 to 44 hours per week. The other reductions to reach the […]

Chile’s financial services regulator, the Comisión del Mercado Financiero (CMF), has issued General Standards (NCGs) numbers 507, 508, and 509 to provide instructions on corporate governance and comprehensive risk management for various securities market entities. The requirements outlined in the NCGs, which will go into effect on February 1, 2025, will apply to general fund administrators (NCG […]

From March 1, 2024 , the Stamp Tax (“ ITE ”) can only be declared and paid through the Internal Revenue Service (“ SII ”) website . This measure is in line with the SII’s objective of becoming a zero-paper institution, which has meant that many of the procedures are carried out online . The […]

On Monday, February 12, the Financial Market Commission (“CMF”) issued General Standard (“NCG”) No. 505, which establishes the obligation of different entities to submit and keep the information duly updated. with respect to the business group to which they belong, in accordance with the Securities Market Law.  The audited entities bound by this regulation must […]

Within the framework of the implementation of the Fintec Law, the Commission for the Financial Market (“CMF”) issued General Standards (“NCG”) No. 502 and No. 503, which imply important changes for service providers. financial matters regarding registration, authorization and accreditation.  NCG N°502 , which replaces NCG N°493 and N°494, regulates the registration, authorization and obligations of financial […]

The Official Gazette published yesterday, January 15, Law No. 21,643, which modifies the Labor Code and other legal bodies regarding workplace and sexual harassment and incorporates the concept of violence at work , with a focus on its prevention, investigation and sanction, known as “Karin Law”. With the implementation of the new Law, companies must guarantee a “ work environment […]

On January 8, 2024, the Financial Market Commission (“CMF”) issued General Standard (“NCG”) No. 501, which establishes the minimum mentions that the general policies for habitual operations must contain. of open and special corporations and regulate the dissemination to shareholders and the general public of operations with related parties (“OPR”) that have been carried out. The […]

On December 30, 2023, Law No. 21,649 was published in the Official Gazette, which modifies the provisions of: to. The Mining Code. b. Law No. 21,420 that reduces or eliminates tax exemptions. c. The Organic Constitutional Law on Mining Concessions. d. Decree Law No. 3,525 of 1980 that creates the National Geology and Mining Service. Among the main modifications […]

The National Economic Prosecutor’s Office (“ FNE ”) launched this January 4, the 2024 market study, focused on higher education (the “ Study ”), which will evaluate three potential limitations to competition: Problems in student decision making , based on negative returns on investment that many programs have, problems with access to their information and trust biases. Disconnection between the offering […]

On December 28, 2023, the National Economic Prosecutor’s Office (“FNE”) published its preliminary Report on the Accommodation Market (“Report”), focused on platforms and short-term rentals (“STRs”). This Report is part of a process that started in March this year and is now in a process for public consultation until January 29, 2024, by which interested parties […]

On December 19, 2023, the United States notified Chile that it has completed the procedures for the entry into force of the Double Taxation Avoidance Treaty (“DTT”) between Chile and the United States. With this notification, the ratification procedures in Chile and the United States have been completed, so the DTT will be applicable as of […]

The National Economic Prosecutor, Jorge Grunberg (the “Prosecutor”), within the framework of the Competition Day that took place today, December 19, announced that during 2024 he will have his sights set on the labor market, to which the ―like any other market― fully the rules of free competition. He also emphasized the role that the National […]

On September 6 of this year, Law 21,600 that creates the “Biodiversity and Protected Areas Service” (“SBAP”) and the “National System of Areas” was published in the Official Gazette, after 13 years of legislative discussion and processing . Protected” (“ SNAP ”). The aforementioned norm aims to conserve biological diversity and protect the country’s natural heritage, through the preservation, […]

On August 17, 2023, six technical standards corresponding to the Act of Digital Transformation of the State (LTDE), established by Supreme Decree No. 4 (2020), issued by the Ministry General Secretariat of the Presidency (MINSEGPRES), were published in the Official Gazette. The technical standards were created by Interinstitutional and Interdisciplinary Technical Committees convened by MINSEGPRES […]

On August 10, Act 21.591 on Mining Royalty was published in the Official Gazette. The Act establishes the creation of a new Mining Royalty in Chile, which replaces the current Specific Tax on Mining. The Act has several key aspects, including: The creation of two new taxable components: a. An ad valorem tax of 1% […]

On July 7, the Chilean Competition Court (“TDLC”) published its resolution regarding a consultation carried out by Socofar S.A. on the differential treatment granted by pharmaceutical laboratories to their public and private clients, and its possible conflict with fair competition rules, filed two years ago. The TDLC’s resolution stated that it’s necessary to ensure that the […]

On May 15, Congress passed a Bill that formalizes economic crimes and environmental offenses and adjusts the penalties applicable. Of particular interest among the laws modified by the Bill is Act 20.393, which establishes the criminal liability of legal entities, and undergoes four major changes: 1. Expansion of the catalogue of crimes and legal entities susceptible […]

Last Monday, May 8, the Personal Data Protection Bill (“the Bill”) concluded its discussion in the Chamber of Deputies and was submitted back to the Senate, where it was originally filed. Considering the prompt processing of the Bill over the past few months, it is expected that during late 2023 Chile will finally have a […]

On April 26th, 2023, Act No. 21,561 was published in the Official Gazette, which progressively reduces the workweek to 40 hours, among other important changes. With the publication of the Act, the reduction of the workweek will take place on the following dates: Progressive Reduction of the Workweek Period Maximum Ordinary Weekly Workday Starting on […]

On March 10, Act No. 21,545 was published in the Official Gazette for the promotion of inclusion, comprehensive care, and protection of the rights of people with autism spectrum disorder in the social, health, and education fields. This Act establishes a new right for parents or legal guardians of minors diagnosed with autism spectrum disorder. Thus, employees governed […]

El pasado 17 de marzo de 2023 entró a regir en Chile la Ley N°21.541, mediante la cual se actualiza la normativa vigente con el objetivo de autorizar a los prestadores de salud a efectuar atenciones mediante telemedicina. En concreto, las principales modificaciones son en relación con la Ley N°20.584, que regula los derechos y deberes que tienen […]

Across Latin America, one of the challenges the energy sector faces is how to project future energy supply and demand in light of numerous possible scenarios. In such long-term planning, these projections must integrate an array of variables that are each essentially uncertain, such as post-pandemic economic recovery, the efforts of different countries to achieve carbon […]