imageChile | Law No. 20544 of 22 October 2011

Regulation of the Tax Treatment of Derivatives (Forwards, Futures, Swaps, and Options)

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LAW NO. 20,544 REGULATES THE TAX TREATMENT OF DERIVATIVE INSTRUMENTS Bearing in mind that the H. National Congress has given its approval to the following bill, Bill: “1. TAXATION OF DERIVED INSTRUMENTS IN GENERAL Article 1. Tax regime of derivatives. The contracts defined as derivatives in the following article shall be subject, together with the operations and instruments that fall upon them, to the tax regime established in this law. In what is not provided for in this law, the provisions of the general or special tax laws, as appropriate, as well as the regulations issued by the competent authorities shall be applied in respect of these contracts.