Single Tax of Second Category and some tax benefits according to the law on income tax
Authors
Luis Ortiz Fuentealba
Fiscalizador Tributario, Servicio de Impuestos Internos
Magíster en Tributación, Universidad de Chile
Contador Público y Auditor
Contador General
The present article describes some tax provisions, as well as those granting tax reductions, especially those contained in the Law on Income Tax, that second class taxpayers must know to comply with their tax obligation, and also to make use of tax benefits contained in the different tax reductions, which can be expressed as non- taxable income,reduction of taxable base or a credit subject to request its return to the State.
For such purpose, several practical situations are presented, including filling the form No 22 for the tax year 2016, with the aim to observe when is born the obligation for taxpayers to submit the annual income tax return, referring to the tax benefits they can access to, with their respective comments, to take them into consideration at the moment of making a decision about taking or not such benefits.
Ortiz Fuentealba, L. (2016). Single Tax of Second Category and some tax benefits according to the law on income tax. Revista De Estudios Tributarios, (16), pág. 139–188. Retrieved from https://revistaestudiostributarios.uchile.cl/index.php/RET/article/view/44620
