Chile's Chamber of Deputies sent the government's major tax reform bill to the Senate after approving its core measures, including a gradual cut in the corporate tax rate from 27% to 23%.
In a session that lasted more than four hours on May 20, 2026, the Chamber of Deputies approved the idea of debating the reconstruction and economic development tax reform by 90 votes in favor and 59 against.
The government secured support from its coalition and the Party of the People to advance unchanged key measures such as the corporate tax reduction, to be applied gradually until 2029, and the full reintegration of the tax system by 2031.
Finance Minister Jorge Quiroz described the outcome as historic backing and thanked lawmakers from the PDG and the National Libertarian Party for their support.
The opposition announced constitutional reservations on several articles and rejected measures such as the elimination of the Sence tax franchise, while senators from the Socialist Party, Communist Party, Broad Front and Party for Democracy signaled they would reject the bill's idea of debate in the upper house.
