Chile publishes Ley N 21.850 for national reconstruction and economic and social development

28 October 2026

Ley N 21.850, 'para la Reconstruccion Nacional y el Desarrollo Economico y Social', was published in Chile's Diario Oficial a little over a week after President Jose Antonio Kast promulgated it, and its measures begin in November. From 1 November the law cuts the Regimen Pyme monthly provisional payment (PPM) rate from 0,25% to 0,23%, gives a tax credit to exporters of knowledge-based services of 15% for workers in the Metropolitan Region and 20% for workers elsewhere or in rural communes, scales Sence training support by worker pay, and allows the Servicio de Impuestos Internos (SII) to share information with other state bodies. From 1 December the first sale of a new finished home is exempt from VAT for a year and the donations tax is halved, with the judicial insinuacion step removed. A capital repatriation regime taxed at 7% to 10% opens in 2027 for one year. The Tesoreria General de la Republica may, for 180 days, forgive up to 100% of interest and 80% of fines on debts due as of 31 December 2025. The measure came from the Ministerio de Hacienda.