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Chile: VAT Exemption for Professional Partnerships and Other Tax Developments

  • The Chilean tax authority clarified that the VAT exemption for professional partnerships does not apply to partnerships where individuals assign their social rights as an asset and do not perform any management for the partnership.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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