Tax Relief
Temporary reduction of stamp tax to 0% (Reducción transitoria del impuesto timbre y estampillas a 0%)
Date announced
3/19/2020
Start date
4/1/2020
End date
9/30/2020
Date of last update
4/20/2022
Description
Temporary reduction of stamp duties to 0% for all credit operations for the next 6 months.
Official Sources
Biblioteca del Congreso Nacional de Chile (04-02-20). “Ley 21225. Establece medidas para apoyar a las familias y a las micro, pequeñas y medianas empresas por el impacto de la enfermedad covid-19 en chile”. [https://www.leychile.cl/Navegar?idNorma=1144002].
Gobierno de Chile (03-22-20). “Plan de Acción por Coronavirus”. [https://www.gob.cl/coronavirus/plandeaccion/]
Characteristics of the measure
Type of measure
Payment facilities (5) (6)
Sphere
Containment of user spending (7)
Target population
Families and businesses affected by the emergency, and which have to make credit operations. (3)
Delivery method
Cash or in-kind
Frequency / duration
Once
Place of delivery
Home delivery
Legal Framework
Law Nº 21.225, April 2, 2020
Responsible Institution
Ministry of Finance (Ministerio de Hacienda)