Chile Updates Procedures on Requesting Corresponding Transfer Pricing Adjustments

Chile's Internal Revenue Service (SII) has published Resolution No. 6 of 9 January 2025, which updates and replaces Resolution No. 67 of 21 June 2013 in regard to the procedures for requesting corresponding transfer pricing adjustments in cases where transfer pricing adjustments have been made by foreign tax authorities. The new Resolution specifies the required documentation, deadlines, and process for the approval or denial of such requests, as well as the rules regarding potential refunds…