Chilean finance committee members approving corporate tax cut legislation in a formal early-morning session.
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Government approves corporate tax cut in finance committee

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Kiswahili

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.

Watu wanasema nini

Initial reactions on X to the finance committee's approval of the corporate tax cuts in the megareform show a mix of neutral reporting and critical views. Official and media accounts highlight the advancement of the bill with minimal changes, while users and outlets criticize it as favoring large companies and the wealthy through measures like 25-year tax stability for big investments. Skepticism focuses on impacts to lower-income groups and environmental protections.

Makala yanayohusiana

Chile's Finance Minister Jorge Quiroz announces gradual corporate tax cut from 27% to 23% at press conference, graph on screen.
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Government details gradual corporate tax cut to 23%

Imeripotiwa na AI Picha iliyoundwa na AI

José Antonio Kast's government will present a miscellaneous bill on Wednesday with over 40 measures, including a phased corporate tax cut from 27% to 23% between 2028 and 2030. The reduction will occur over three years: 1.5 points the first year, 1.5 the second, and 1 the third. Finance Minister Jorge Quiroz defended the measure as a boost to investment and employment.

Finance committee approves idea of legislating megareform with ruling party votes

The Finance Committee of the Chamber of Deputies approved on Thursday the idea of legislating the national reconstruction megareform project. The initiative advanced with eight votes in favor from ruling party lawmakers, four against and one abstention from the PDG.

Chilean government pushes megareform timeline despite wave of opposition amendments

Imeripotiwa na AI

The Chamber of Deputies' Finance Committee began on Tuesday the detailed discussion of President José Antonio Kast's reconstruction and economic reactivation megareform, amid tensions over more than 1,295 amendments filed by the opposition.

Siasa

Deputies approve Milei's labor reform with 135 votes in favor

Siasa

Alessandri projects megarreforma's advance to Senate in June

America

Chile reactivation bill adds FUT withdrawals to corporate tax cut plan

Opposition threatens tsunami of amendments to megareform

Opposition lawmakers announced plans to submit over two thousand amendments to the national reconstruction project pushed by President José Antonio Kast's government. The move drew accusations of legislative sabotage from the executive branch, while some opposition sectors distanced themselves from the strategy.

PDG withdraws support for Kast megareform after broken promises

Imeripotiwa na AI

The Partido de la Gente announced on Wednesday that its agreement with the government to back the megareform bill has collapsed, accusing the administration of failing to include middle-class benefits such as VAT refunds on medicines and diapers. The decision marks a sharp turn after weeks of talks and internal divisions within the party.

Deputies' committees approve Sheinbaum's electoral reform, despite allies' rejection

In a key step for President Claudia Sheinbaum's electoral reform—initially unveiled February 25 and formally presented March 4 as the 'decálogo por la democracia' (see prior coverage)—the Chamber of Deputies' Constitutional Points and Political-Electoral Reform committees approved the proposal on March 10, 2026, by 45-39 votes. It heads to plenary discussion, likely March 11, amid PVEM and PT opposition despite their Morena alliance.

Ruling coalition takes control of most committees in Chamber

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On Tuesday, March 17, 2026, the ruling coalition secured a majority in 15 of the 27 permanent committees of the Chamber of Deputies, including the key Finance and Constitution committees. The deal reinforced the board agreement, incorporating the DC party, but highlighted a rift between PS and PPD in the opposition.

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