CHILE Law and Practice Contributed by: Javier Cortés, Juan Pablo Márquez and Gonzalo Pérez, Cortés Del Río Tax & Legal
industrial, forestry, energy, infrastructure, telecommu - nications, R&D, medical, or scientific projects, with a minimum investment amount of USD50 million. Foreign investors entering into a foreign investment contract under this regime will be entitled to a total effective income tax burden at a rate of 35% for 25 years, counted from the commencement of opera - tions of the respective company. The regime addi - tionally provides for the maintenance of unchanged VAT and the customs tariff regime applicable to the importation of capital goods, throughout the period required to complete the agreed investment. It also contemplates the unchanged maintenance of rules on asset depreciation, loss carry-forwards, and organisa - tion and start-up expenses.
For mining projects, the regime provides for special stability rights with respect to the mining royalty, new sector-specific taxes for mining activities, and amendments to exploitation and exploration conces - sion fees.
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