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Chile's Megareform Tax Bill Clears Senate, Ignites Political Debate
The government of President José Antonio Kast secured Senate approval for the Law of National Reconstruction and Economic Development, commonly called the “megareforma”. In the Chamber of Deputies the bill passed with 90 votes out of 155 seats (the 78‑vote threshold), while the Senate approved it with 30 votes out of 50 (the 26‑vote threshold). Finance Minister Jorge Quiroz highlighted the broad coalition support in the lower house and framed the measure as virtually approved, pending the final Senate vote on a municipal fund provision.
Key provisions include a reduction of the corporate income tax rate from 27 % to 23 %, a zero‑percent tax on capital‑gain earnings from listed securities, a halving of donation taxes for transfers to children or property, and a new 5 % flat tax on higher‑value real‑estate assets. The reform also offers incentives for repatriating overseas capital.
Opposition parties argue the reform was passed on a narrow partisan margin and question its legitimacy, warning that a lack of durable political consensus creates market uncertainty and could widen the fiscal deficit. Deputies from the Ñuble region have revived calls for a broader political reform to reduce congressional fragmentation, citing the megareform’s passage as evidence of the challenges of governing under a highly atomised parliament.
Entities
Chamber of Deputies of Chile · Chile · Chilean Chamber of Deputies · Chilean Congress · Chilean Senate · Jorge Quiróz · José Antonio Kast · Law of National Reconstruction and Economic Development · Senate of Chile · Álvaro Elizalde · Ñuble Region
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Capital‑gain tax on listed securities was lowered to 0 %. g5noticias.cl
- [○ 1 SOURCE] Corporate income tax was reduced from 27 % to 23 % by the megareform. g5noticias.cl
- [○ 1 SOURCE] Deputies from Ñuble revived discussion of a political reform to reduce congressional fragmentation. ladiscusion.cl
- [○ 1 SOURCE] The Chamber of Deputies approved the bill with 90 votes (threshold 78) and the Senate with 30 votes (threshold 26). www.latercera.com
- [○ 1 SOURCE] Critics warn that the megareform’s limited political consensus creates market uncertainty and could increase the fiscal deficit. chile21.cl
- [○ 1 SOURCE] Donation tax rates were halved for transfers to children or properties. g5noticias.cl
- [● 2 SOURCES] Opposition parties claim the reform was approved only with a narrow partisan margin and question its legitimacy. www.latercera.com · chile21.cl
- [● 2 SOURCES] The Senate passed the Law of National Reconstruction and Economic Development (the megareform). www.latercera.com · g5noticias.cl