Regulations for financial operations

  • Short-sale of publicly traded stock taxation.
  • Re-purchase agreements of financial securities are treated as financing with an interest component.
  • Premiums paid in the own-stock placements.
  • Tax cost basis and limitations to apply the exemption regime available for publicly traded stock in the case of non-payment shares.
  • New regulations on the acquisition of credit instruments, credit portfolios and bonds at a value below par value (repeals current IRS interpretation).
  • Modification of requirements to apply the exemption regime applicable to bonds and debt titles governed by Article 104.
  • Modification of rules regarding interest accrual in case of bonds or debt titles subject to Article 104.
  • Modification of instruments that may apply for the exemption regime contained in Article 108 for the disposition or redemption of quotas of funds that are not subject to Article 107.

Jaime Carey
Managing Partner
+56 2 2928 2224
jacarey@carey.cl
Jessica Power
Partner
+56 2 2928 2214
jpower@carey.cl
Manuel José Garcés
Partner
+56 2 2928 2226
mgarces@carey.cl

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