The Chamber of Deputies' Finance Committee approved the core tax measures of the megareform promoted by President José Antonio Kast's government in the early hours of Thursday.
In a session that lasted nearly 15 hours, the committee approved the gradual reduction of the corporate tax rate from 27% to 23% by 2029. The favorable vote of PDG deputy Juan Marcelo Valenzuela proved decisive in securing a majority.
The package also includes full reintegration of the tax system starting in 2031 and a 25-year tax invariability regime for large investments. Committee chair Agustín Romero managed the debate and limited interventions to move the votes forward.
The opposition criticized the speed of the process and announced plans to reverse the changes on the chamber floor. The bill now moves to plenary discussion on May 19 and 20.
