Chilean Tax Authority Clarifies Exemption from Interest Deduction Restriction for Qualifying Financial Entities

The Chilean tax authority (Servicio de Impuestos Internos - SII) has published Letter Ruling No. 1609 of 14 August 2025, which concerns the exemption from the interest deduction restrictions for qualifying financial entities under Article 41 H of the Income Tax Law. The letter explains that for the exemption to apply, three conditions must be met. First, the entity must be officially recognized by the Ministry of Finance as a financial entity through a resolution. For this purpose, the entity…