Tax reforms and investor demands drive economic discussions in Chile and Spain

In Chile, experts are analyzing the implications of the National Reconstruction and Economic and Social Development Law, also known as the 'Megareforma'. A key component is the gradual reduction of the First Category tax from 27% to 23% by 2029. However, tax specialists warn that the actual impact will vary by company, depending on how they manage other changes such as the phase-out of tax credit restitution and the opportunity to apply a 10% substitute tax on historical profits (ISFUT).

Meanwhile, in Spain, the BIGBAN Annual Report reveals that 75% of private investors—including Venture Capital, Business Angels, and Family Offices—identify tax benefits as the primary measure needed to stimulate startup investment. Interestingly, corporate investors differ from these groups, prioritizing regulatory sandboxes and public-private co-investment over tax incentives.