Tuesday , January 31 2023

The SQM will pay taxes after applying the tax rate


A good news for the treasure was announced yesterday by the government that the state will receive more than US $ 1m in taxes from the sale of 24% of shares held by Tinqi, China and Nutrien. the highest tax collection in the history of the country.

Tax preferences have been simplified after improper application, as some of the shares sold can configure the market shareholder, but reduces the taxable amount – not all securities. Therefore, this figure was not applied.

"In the operation, a tool known as market maker has not been applied because some of the shares have responded to the general requirement of the Standard to comply with the non-revenue source of Article 107 of the Income Tax Law," explained the SID.

Thus, the transaction will be taxable at an amount of $ 1,002.5 million, which is equivalent to revenues derived from operating taxes and premiums.

Treasure view

"The Director of the Internal Revenue Service (SII) has warned me that Canadian Nutrien will pay more than $ 1 million in treasury bills, 24% of shares are higher than shares in SQM What's speculated on the market, the amounts that are the highest tax collection in the history of Chile's tax office, "said Finance Minister Felipe Larrain yesterday.

The Secretary of State also announced that the withdrawal of SQM shares to Tianqu was announced openly, and the portfolio has started to monitor this issue, as the SBI has been prophylactic, ensuring that the existing tax rules are applied properly.

"It's a good news for our country, and we believe it's good that we invest in Chile, but in these cases we can go well for Chile, of course, the rules must be strictly observed," he said. The $ 1,002.5 million collection of US dollars will provide a new source for the treasury, in a year of financial stagnation, "he said.

When asked if this large collection could anticipate the expected financial crisis this year, it was difficult to define as there are other factors that have a negative impact on the low cost of copper.

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