Firms To Watch: Tax

Albagli Zaliasnik‘s tax group is led by director and senior associate David Ancelovici , who advises both domestic and international clients on the tax aspects of strategic investments, financing, the purchase and sale of companies, and corporate restructuring.
Aninat Abogados' tax department is led by director Paula Madariaga (a former senior at  Carey and lawyer at the Eastern Metropolitan Regional Directorate of the Internal Revenue Service), who advises on the tax aspects of asset reorganisations, commercial transactions, cross-border operations, the establishment of companies, and tax controversies.
Founded in 2015, AVC Partners‘ multidisciplinary group comprises lawyers, accountants and auditors who are specialists in tax matters; it is particularly experienced in corporate and international taxation, tax consultancy, business reorganisations, indirect taxation, and representation before the Internal Revenue Service.
Coeymans, Edwards, Poblete & Dittborn‘s tax practice is co-led by tax partner Juan Pablo Fell  (a senior tax manager at KPMG in Chile until 2019), who advises on domestic and international taxation, personal and corporate tax planning, inbound and outbound investment structures, and tax litigation; and senior María del Pilar Poblete , whose recent experience includes the incorporation and funding of outbound investment structures.
Mena & Alessandri Abogados ‘s tax practice, jointly led by name partners Cristián Mena and Andrés Alessandri (both former Recabarren & Asociados practitioners), focuses on private client work, including the restructuring of family assets, as well as tax compliance and the tax aspects of asset purchases and sales.
Following on from the hire of the experienced Gracia Curtze as counsel in 2019, the emergent tax practice at Morales & Besa has come of age with the June 2022 appointment of Santiago Martínez Izquierdo  as partner; now five-strong, the group is primarily focused on transactional tax matters and tax structuring (especially cross border), the analysis of tax implications and tax efficient reorganisations. of

Tax in Chile

Carey

Carey‘s ‘fantastic‘ 17-strong department delivers ‘impeccable technical knowledge and client service in the style of the best NY firms‘. The team is consistently involved in structuring complex, national and international transactions, along with tax litigation, tax planning and tax due diligence processes; and the firm’s transfer pricing practice is increasingly active. The specialised tax practice is jointly led by ‘star‘ practitioners Jessica Power, who has longstanding experience in tax consulting, tax planning, and M&A and finance-related tax issues; managing partner Jaime Carey T, a go-to adviser for private wealth clients; Manuel Alcalde, who rejoined the firm as a partner in April 2021, further to three-years as the Chilean Ministry of Finance’s head of tax policy; and Manuel José Garcés, a specialist in tax advisory, personal and corporate tax planning, foreign investments and tax litigation. At associate level, senior Daniela Pfeffer is also an experienced tax adviser, while Ximena Silberman departed to undertake her LLM at Universidad Adolfo Ibáñez.

Testimonials

Carey clearly understands clients’ perspectives, and it is very business oriented and aligned with our values of integrity and compliance. Even when the matter under analysis is highly technical, it offers clear advice.

The individuals are very easy to work with and always available – they understand the clients’ urgencies and timing.

Carey always has a very solid interpretation of the law, and it is up to date with legislative developments and reports promptly – pioneers in the area of business reorganisation and corporate service.

Lawyers that are both talented and humble.

Carey’s practice is fantastic – impeccable technical knowledge and client service in the style of the best NY firms. It is also making an effort to modernise its technologies and form of client service.

An extremely complete team that is specialised in complex tax issues. Its partners have experience in the local and international market and respond to any requirement extremely quickly.

Great experience and commitment to delivering quick responses and the best solutions to problems raised. The team accompanies clients until the solutions are implemented.

Jessica Power is a star – always precise, relentless and with an impressive technical capacity and commercial focus. Highly recommended in Chile.

Key clients

Zurich Santander

Indura

OTPPB

AFP Provida

MetLife

CMPC

Marubeni

Teck

EssilorLuxottica

NotCo

Santander Consumer

Chilena Consolidada

Work highlights

  • Advised Celeo Redes on the tax aspects of the investment structure for the purchase of a local electric transmission company.
  • Assisted Goldman Sachs with the tax aspects to the structuring of a financing structure for local electric generation companies, further to a change of law on tariffs.
  • Advised EssilorLuxottica on the Chilean carve-out of its acquisition of a 76.72% ownership interest in GrandVision from HAL Optical Investments.

EY Chile

Multinational professional services firm EY Chile houses a giant 53-strong tax practice that acts across the full range of tax work, with specialisms in corporate and international taxation, transaction-related tax matters, as well as individuals’ tax-related issues, compliance and reporting. The firm also has widely respected transfer pricing, estate planning, wealth management and tax dispute practices, with clients additionally benefitting from the group’s ability to leverage an extensive global network for cross-border matters. The team is led by Javiera Contreras, who assists with corporate and international tax work, tax advisory matters and tax disputes. He is flanked by two other highly-regarded senior partners: Pablo Greiber, who specialises in tax advice involving companies, individuals and family businesses; and Alicia Domínguez, an expert in energy and mining companies’ tax issues. The second line of key advisers includes tax strategy and transactional specialist, Cristián Sepúlveda Reed, who ‘provides practical recommendations‘; Darío Romero, who focuses predominantly on the tax side to cross-border transactions, public concession tenders and investment projects; international tax specialist Felipe Espina; tax advisory expert Juan Pablo Navarrete; Nicolás Brancoli, who has a broad tax law practice; and senior manager and ‘excellent adviserNicolás Orezzoli.

Practice head(s):

Javiera Contreras

Testimonials

EY is a benchmark in the industry. Several of the best tax specialists in the country have passed through the firm. The firm has high-level multidisciplinary teams and delivers extraordinary service.

In addition to its technical strength, the team is capable of running numbers and quantifying the analyses it performs. EY’s hands-on approach sets it apart from its competitors. The result is an excellent service from design through to implementation.

Solid technical knowledge and speed in sending the required work.

Cristián Sepúlveda understands our business and provides practical recommendations.

Good technical performance and availability to answer questions.

Senior manager Nicolás Orezzoli is very intelligent and leaves no detail to chance, which makes him an excellent adviser.

I would highlight Nicolás Orezzoli for his creativity and good judgement in tax matters. He has a lot of experience in M&A and makes the difference to complex operations.

Fischer y Cía

Emerging from the former Baraona Fischer & Cía in early 2021, Fischer y Cía's tax practice is is led by renowned private wealth and tax specialist Alex Fischer; with further senior support coming from the ‘outstandingCarolina Collantes, who handles tax litigation and the tax aspects of corporate restructurings and M&A deals; and Juan Cristóbal Ortega and Isabel Espinoza, who both have broad tax practices. Fischer and Collantes are ‘among the best professionals within Chile’s tax world'; and the 20-strong tax advisory practice (‘a team with excellent technical knowledge'), covers corporate issues, M&A, finance, transfer pricing, and estate planning and structuring. It is also highly active in tax compliance, private wealth and complex tax disputes. Within the associate pool, senior Juan Cristóbal Valenzuela (‘always five steps ahead') is an indirect taxation and tax planning specialist, while Gert Greve has a broad tax practice.

Practice head(s):

Alex Fischer

Testimonials

Market leading advisers – tailor-made advice, easy contact and delivery that is adjusted to the needs of the client.

A team with excellent technical knowledge, proven experience and very reliable. I do not know of another such solid team that has so much knowledge, and ability to provide alternative solutions and resolve tax problems.

The advisers always have solid and safe answers, which gives 100% confidence in their recommendations. The solid technical knowledge together with their human qualities are what differentiates them.

Great for its approach, empathy and the fact that the practitioners are always willing to make personal contact (whether a phone call or visit when possible).

Alex Fischer and Carolina Collantes are among the best professionals within Chile’s tax world. They have technical knowledge, professional experience and the ability to interact at the highest level with clients, qualities that distinguish them in a highly competitive environment.

Carolina Collantes is outstanding. Despite being one of the best tax attorneys I have ever met, she is always approachable and does not hesitate to provide accurate, specific and fast advice.

Carolina Collantes is an expert in her field, but she has a very didactic and simple way of explaining that allows an understanding of proposals or topics that are usually complex.

Senior associate Juan Cristóbal Valenzuela has an impressive mental speed and is always five steps ahead, putting himself ahead of possible future issues.

KPMG in Chile

The sizeable tax group at KPMG in Chile acts on a broad range of tax matters. Its coverage includes domestic and international tax advice, tax disputes, corporate taxation, labour tax, and expatriate tax services. Other areas of strength include transfer pricing, capital markets, reorganisations and transactional tax services, as well as acquisition structuring and financial model reviews. The principal figures are former tax and legal group leader, Francisco Lyon (managing partner since January 2021); Andrés Martínez, an expert in tax structuring, transactions, international taxation and disputes; Alberto Cuevas, whose career includes 10 years at Chile’s IRS; and Luis Seguel, who leads the firm’s tax disputes and conflict resolution practice. Also integral to the group are Juan Infante, who was made partner in October 2021; dispute resolution managing director Alonso Morales; and Pablo Flores, who assists with transactions-related tax issues. Notable movements in early 2022 include the hiring (as partners) of Javiera Suazo from the Finance Ministry, where she was tax-policies coordinator, and former IRS lawyer Pedro Castro. However, former Chile tax and legal group head Rodrigo Stein moved to Cuatrecasas in February 2022 (and took former director José Miguel Gazitua with him), and former manager Sergio Henriquez is currently at the Chilean Treasury.

Practice head(s):

Andrés Martínez

Testimonials

The KPMG team always works well together. Each member is supported by solid knowledge, and the group achieves synergies and recommendations that add value for the client.

Francisco Lyon’s tax knowledge and judgement are exceptional in the industry. One feels very well advised on all the issues we encounter with him, since he considers all elements, as well as the interests of the company.

PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada

PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada (the Chilean office of global, multidisciplinary firm PwC) is consistently sought out for its expertise in domestic and international corporate tax planning, transfer pricing, tax compliance, labour-related tax issues, and expatriate matters. The group is also on hand to assist with the minimisation of tax risks, M&A-related tax issues, tax dispute resolution, indirect taxes, international taxation and wealth management. The key advisers are Francisco Selamé, who has longstanding experience in advising domestic and multinational companies on national and international taxation; tax controversy and dispute resolution partner Gonzalo Schmidt; and Loreto Pelegrí, a specialist in assisting with the tax structuring of companies’ investments and acquisitions in Chile. Also integral to the practice are experienced tax partners Rodrigo Winter and Sandra Benedetto.

Barros & Errázuriz

In addition to its reputation for tax structuring and implementation matters, the 19-member tax group at Barros & Errázuriz has a strong name for wealth planning, transfer pricing, tax disputes, corporate transactions, reorganisations, and the application of tax agreements. The practice is co-led by renowned founding partner Fernando Barros and Carola Trucco, who ‘can juggle the complexities of various legal systems masterfully‘. At senior associate level, María Fernanda Becker advises on the tax structuring of transactions, and Mauricio Bascuñán is a tax disputes specialist. The firm expanded its offering in early 2022 through the elevation of tax specialist Tomás Kovacevic to partner; the recruitment of tax counsel Magdalena Munita Irarrázaval from Philippi Prietocarrizosa Ferrero DU & Uría; and the hire of senior associate Maria Lucia Marraccini from the Ministry of Finance, where she was a tax policy adviser.

Practice head(s):

Fernando Barros; Carola Trucco

Testimonials

A team that covers all the tax aspects that a manufacturing society like ours requires. It also has practical experience in tax matters., along with lawyers who have been in the public sector. I therefore consider them very competent.

The practice delivers great value, with the issues analysed alongside other expert areas from the firm, which makes the analysis more enriching.

Barros & Errázuriz is of course one of the top firms in Chile in all areas, as well as in the tax and private client world, possessing a depth to its partnership that few firms can rival.

We place Barros & Errázuriz at the top tier of the firms with whom we work regularly in Chile on tax and private client matters.

We find its service to be at the highest level. The team always provides sophisticated, tailored advice and has great strength and depth on the team.

Carola Trucco is deeply experienced, knowledgeable and can juggle the complexities of various legal systems masterfully. Carola also has a talent for creating camaraderie within the teams she leads – she is calm, measured, and creative, and it is a great pleasure to work with her.

Carola Trucco and Tomás Kovasevic are both very prepared and experienced – they are the best advisers.

Tomás Kovacevic has great capacity for analysis and vast experience.

Key clients

Colbún

BTG Pactual

BTG Pactual Timberland

Sura Asset Management

Confederación de la Producción y del Comercio

Moneda Asset Management

Compass Group

Larrain Vial

Coca Cola Embonor

Agrosuper

DirecTv

Derco

Didi

Buda

Mundo Pacífico

CMPC

Delta

Work highlights

  • Advised Colbún on the tax aspects of the sale of all its shares in Colbún Transmisión.
  • Advised a consortium (comprising British Columbia Investment Management Corporation, APG and BTG Pactual Timberland Investment Group) on Vista Hermosa Inversiones Forestales’ acquisition of 461 timberlands (comprising over 80,000 hectares).
  • Ongoing advice to SURA Asset Management regarding tax matters on a daily basis.

Claro & Cia.

Claro & Cia.‘s 13-strong tax practice (as well as three tax accountants) can leverage the firm’s strong credentials in M&A, capital markets, banking and project finance during complex domestic and cross-border transactions; it is also increasingly active in major tax cases before the tax courts. The team is led by Jorge Carraha, who routinely advises multinational and corporate clients on headline transactions; and Nicolás Maturana who was raised to the partnership in January 2022 and is particularly focused on the tax aspects of M&A, financing and capital markets deals, as well as corporate reorganisations. Within the senior associate group, Rafael Cruzat provides tax advice to the banking, financial services, fintech and private wealth sectors; and Javier Pérez‘s practice covers the tax aspects of transactions and reorganisations, along with tax litigation.

Practice head(s):

Jorge Carraha

Key clients

Inversiones y Rentas

Ministry of Finance of Colombia

State Grid International Development

HAL International

Hortifrut

Mercado Libre

Bank of America

Faes Farma

Itaú Unibanco

Work highlights

  • Assisted Inversiones y Rentas with the tax aspects of the tender offer for an additional 4.44% of shares in Compañía Cervecerías Unidas.
  • Assisted the Ministry of Finance of Colombia with the tax aspects of the sale of its 51.4% participation in Interconexión Eléctrica (a Colombian company with Chilean subsidiaries) to Ecopetrol.
  • Advised HAL Investments on the tax side to the acquisition of Rotter & Krauss, as part of a carve-out operation concerning the acquisition of GrandVision by EssilorLuxottica.

Fuensalida & Del Valle Abogados

Acting for both local and international clients, including large conglomerates and family offices of ultra-high-net-worth (UHNW) individuals’ family offices, the growing tax group at Fuensalida & Del Valle Abogados focuses on corporate tax matters, administrative litigation and private wealth management. The practice is jointly led by Jaime Del Valle, who assists with the tax aspects of restructurings and M&A, as well as day-to-day matters and tax planning; Carolina Fuensalida, a former Claro & Cia. tax head and ‘brilliant Chilean tax lawyer‘; tax and corporate consultancy specialsist Cristóbal Ureta, ‘a lawyer who definitely sets himself apart from competitors‘; and local tax planning leader Trinidad Fernandez, a partner since July 2021. At associate level, senior Pelayo Valdivia provides tax advice on business projects; and growth in the team during early 2022 includes the recruitment of tax associates Diego Fuensalida and Millaray Molina from Claro & Cia. and Barros & Errázuriz, respectively, while senior Patricio de la Fuente and José Ignacio Hissi are 2021 tax lawyer recruits from PWC.

Practice head(s):

Jaime Del Valle; Carolina Fuensalida; Cristóbal Ureta; Trinidad Fernández

Testimonials

Great expertise, with the ability to anticipate and foresee possible legal/regulatory changes, as well as design and implement solid protection strategies – measured and rational in its recommendations.

The team’s deep knowledge means it has a very valid opinion when analysing corporate situations and giving a recommendation on how the tax law could be applied to a certain transaction.

Highly specialised in tax matters in Chile. Both partners Carolina Fuensalida and Jaime Del Valle have an outstanding track record that allows them not only to have a vision of what is currently happening in terms of discussions on tax reforms, but also to gain a voice and influence in political spheres, frequently being consulted not only by the executive power, but also by the legislature.

Carolina Fuensalida and Jaime del Valle are always willing to assist us in the shortest time possible, leveraging technology when necessary They not only assist us through previously arranged virtual meetings, but also through WhatsApp and phone calls, sometimes outside of working hours.

Carolina Fuensalida is a brilliant Chilean tax lawyer, recognised by the executive and legislative branches of our country, having participated in the drafting of multiple tax reform projects. In general, she has a comprehensive vision of tax matters, complementing it very well with her knowledge of corporate law and the implications of her recommendations for business.

Jaime del Valle is very knowledgeable about tax issues, and complements Carolina Fuensalida very well in terms of his ability to analyse complex corporate situations and give an accurate recommendation on tax matters.

I would mainly highlight the services provided by Cristóbal Ureta, who offered us excellent solutions during a project that was especially innovative. His in-depth knowledge of tax, corporate and philanthropic matters makes him a lawyer who definitely sets himself apart from competitors.

Trinidad Fernandez has very good knowledge of Foundations and is very attentive to the needs of the client.

Key clients

Principal Financial Group

Mitta Rent a Car

Unifrutti Traders

Mota – Engil Chile

Banco Security

Compañía Minera Doña Inés de Collahuasi

Latam Airlines

Banco Itaú Corpbanca

MBI Inversiones

Banco Bice

Asociación Chilena de Fondos Mutuos

CMPC

Fundación Chile

Copec

Gasco

Feria de Osorno

Grupo Patagónica

JP Morgan

WOM

Falcom Capital

Altis Servicios Financieros

Work highlights

  • Advised Unifrutti (a Chilean fruit producer and exporter) on the tax aspects of the issuance of a second bond line for approximately $30m.
  • Co-acted for Banco Itaú Corpbanca in administrative tax litigation against Chile’s IRS.
  • Acted for Mota–Engil Chile in administrative tax litigation (concerning tax losses) against the Chilean IRS.

Philippi Prietocarrizosa Ferrero DU & Uría

The specialised tax practice at full-service firm Philippi Prietocarrizosa Ferrero DU & Uría focuses on domestic and international tax planning and structuring, along with complex corporate and private wealth matters. It is also sought out for tax litigation, and administrative procedures before the Chilean tax authorities; additionally, a significant part of the group’s work includes tax consulting, legal opinions, and the tax aspects of M&A deals. The practice is co-led by Mario Silva, an expert in corporate and personal taxation, tax planning, and corporate restructuring; and M&A transactions specialist Guillermo Infante, who has finance, energy and natural resources sector expertise. Principal associate and tax disputes leader Arturo Selman ‘helps resolve issues quickly‘, but in February 2022, fellow principal Magdalena Munita Irarrázaval departed the firm.

Practice head(s):

Guillermo Infante; Mario Silva

Testimonials

I appreciated the team’s simplicity in dealing with difficult issues in order to seek our understanding.

The team with which we work maintains high levels of commitment, answering our questions and preparing our interventions in a very professional manner.

Our experience has been very positive in terms of availability and willingness to attend to our matters.

Principal associate Arturo Selman and his team have constantly supported us, not only from a legal point of view, but also in meeting deadlines and answering questions.

The one who makes a difference is Arturo Selman- he is the point of contact that we have and helps resolve issues quickly – since he knows our business well, communication is fluid.

Arturo Selman has great knowledge of this area and an interest in supporting clients.

Key clients

América Móvil

Avery Dennison Chile

Territoria Apoquindo

Kaufmann

Isapre Cruz Blanca

Natura Cosméticos

Clinica Alemana

Work highlights

  • Advised Territoria Apoquindo on the management of VAT that accumulated during the construction and development of a real estate project.
  • Assisting Avery Dennison Chile with challenging a transfer pricing adjustment.
  • Advised America Móvil on the tax structuring of a joint venture with Liberty Latin America.

Recabarren & Asociados

Fielding a large, 31-strong tax department, Recabarren & Asociados‘ specialisms range from the tax aspects of M&A deals, and local and international reorganisations, to estate planning. It is also highly experienced in tax litigation. The practice is co-led by Soledad Recabarren (the coordinator of the prestigious tax LLM programme at Pontificia Universidad Católica de Chile), who focuses predominantly on high-net-worth (HNW) individuals, family offices, tax policy, personal taxation, and corporate and transactional tax advice; Álvaro Pérez, an expert in tax structuring, tax advisory work and estate planning; tax dispute resolution leader Luis Felipe Ocampo; and tax consultancy practice head Mauricio López, who ‘has great technical knowledge‘. Also integral to the group are Gloria Flores, who specialises in the tax aspects of corporate finance and capital markets’ matters; tax planning and restructuring expert Pablo Chechilnitzky; and experienced associates Josefina Vivar and Paula Chacón.

Practice head(s):

Soledad Recabarren; Álvaro Pérez; Luis Felipe Ocampo; Mauricio López

Testimonials

The team is highly available and flexible, both to meet on urgent issues and to address problems and seek solutions. Unlike other advisers who only answer one question, they analyse the substance of the transaction, consider all the potential ways to achieve the objective sought, and then clearly explain the risks associated with one or the other, in order to make a recommendation that accommodates the level of risk acceptable to the client.

The range of possibilities that they consider demonstrates great experience and technical knowledge.

The lawyers don’t remain just within conceptual discussions, but also include practical recommendations for efficient and solid implementations that not only take into account tax aspects, but also other areas of the company.

Unlike other firms, it is not interested in issuing a report with a recommendation that may or may not be implemented in reality, but instead effectively seeks to add value to the company through its advice.

Recabarren & Asociados has a team of excellence, with professionals who are totally committed to clients, and who provide comprehensive solutions. They are involved in every step, and understand tax law and accounting issues that are highly relevant – they deliver comprehensive advice and stand out both for their availability and accounting knowledge.

Professional excellence, always up-to-date tax knowledge, great accounting and numerical approach, and always available.

Mauricio López has great technical knowledge – but he does not only focuses on tax aspects, as his recommendations also consider how the company operates, adding value to the client as a whole and not only to the tax side. And although he has an excellent team, Mauricio actively participates in every aspect of a project.

I have personally worked with Álvaro Pérez and associate Josefina Vivar, both outstanding professionals and exceptional for the level of advice they provide.

Key clients

Naturgy

Work highlights

  • Assisted a large bank client with the tax analysis of international derivatives transactions.
  • Assisted the family office of a well-known economic group on the tax aspects surrounding the winding up of the family office further to disagreements between partners.
  • Advised Naturgy on the tax aspects cocnerning the sale of its stake in CGE to China’s State Grid.

Torretti & Cía.

The 20-strong team at 2018-established firm Torretti & Cía. consistently advises on the tax aspects of corporate law and foreign investments, along with private client and wealth management issues. The ‘well-prepared‘ team is jointly led by name partner Eduardo Torretti , a founding member of FESIT (an NGO created by tax practitioners to analyse Chile’s future legal modifications); and Sebastián Martínez-Conde  , at partner level since 2018 and who maintains a broad tax practice. The firm also houses a number of tax associates of note, including senior Francisco Alcaíno , and Isidora Henríquez , María Elena Würth , Sebastián Aguilar  and Vicente Torretti . Significant growth includes the hire of Carlos Bravo , who joined as partner in March 2022 from Porzio Ríos García, where he was tax head; and the 2021 recruitment of directors Javiera Pérez    (tax and family planning work) and Eric Donoso  (tax controversies) from EY Chile and the Chilean IRS, respectively.

Practice head(s):

Eduardo Torretti; Sebastián Martínez-Conde

Testimonials

A very professional and available team that is very knowledgeable, prepared, and able to offer flexible and quick solutions.

A very human team at all levels, with direct participation from the partners.

The firm has a very well-prepared team with both national and international knowledge. One of the best law firms I’ve worked with.

Everyone is well prepared and has great knowledge, even the junior lawyers in the firm. The partners trust their team, so clients do the same!

A highly technical team that differs from most of its competitors because of the direct relationship between partners and clients, and the quick and concrete resolution of problems.

A remarkable, practical and pro-business approach. It compares very favourably with teams from other firms, especially when compared to multi-service offices.

Great intellectual capacities and soft skills. The advisers stand out for being resolute people, who always look for the best solution to problems.

Partners Eduardo Torretti and Sebastián Martínez-Conde stand out, as does recently incorporated Carlos Bravo. At director level, I have heard good things about Javiera Pérez and Eric Donoso.

Key clients

Emergent Cold

Ditec

Ecocopter

Grupo Puerto

Bodegas San Francisco

Manzoni

San Javier

Antalis

Daytona

Alfa

Work highlights

  • Assisted Emergent Cold with the tax aspects of the purchase of Blumar and Friopacífico.
  • Assisted Ditec with the tax side to its pre-sale reorganisation, which involved separating the automotive business to be sold.
  • Assisted Ecocopter with the structuring of a multinational parent company for the provision of aeronautical services.

Allende Bascuñán & Cía

A very good team for national and international taxation‘, Allende Bascuñán & Cía‘s 10-strong tax group consistently advises HNW individuals’ and family offices on asset protection, tax structuring, inheritance law, long-term wealth management planning, and domestic and offshore investment schemes. Leading the firm’s tax and wealth management practices, Francisco Javier Allende is a local and international taxation specialist; tax advisory expert Mario Donoso was made partner in 2021; and the firm further consolidated the practice with the August 2022 promotions of international tax director Mauricio Carloza (national and international taxation, tax planning and wealth management) and associate Michael Camus D (tax law and dispute resolution) to the partnership. Key associate José Manuel Barros advises on the taxation of companies and individuals.

Practice head(s):

Francisco Javier Allende; Mario Donoso; Mauricio Carloza

Testimonials

A very good team for national and international taxation, anticipating issues from a conservative but visionary and modern point of view.

The tax team is excellent. I have been working with them for decades, and have always had good experiences. They know about business and that helps a lot in making decisions. In addition, I would highlight the internationalisation of the firm, which allows it to carry out highly complex operations in different parts of the world.

Availability, knowledge of new regulations and creative in finding solutions.

Professionally a first-class office. The technical knowledge, together with the willingness to understand thoroughly the problems that clients have, make it a very special office, which gives us confidence in its recommendations.

A diverse team that is very competitive and very complete – personalised attention and always with a partner in charge.

A very serious and discreet office for the organisation of family office assets.

Francisco Javier Allende is great for his willingness and ability to seek creative solutions, and know and anticipate regulatory changes; and director Mauricio Carloza has extensive knowledge of national and international tax issues from a legal and business point of view.

Francisco Javier Allende and Mauricio Carloza are always available to clients, and show concern for each and every matter.

Key clients

Talbot Hotels

Federal Express

Associated Universities

Detroit

Buses Hualpén

Compañía Minera Carmen Bajo

Fundación Las Rosas

GMTO

Work highlights

  • Assisted Talbot Hotels with international tax and corporate restructuring matters, so as to develop its investments in the US.
  • Assisted Federal Express’s Chilean office with analysing the tax effects of setting up an agency or permanent establishment in Argentina.
  • Assisted Associated Universities with the tax side to the development of the Chilean Institute of Clean Technologies.

DLA Piper Chile

Creative in finding alternative solutions‘, DLA Piper Chile consistently advises on day-to-day tax matters, as well as the tax aspects to M&A and project finance deals. It also represents clients before the Chilean Tax Authority in audit procedures and administrative claims, along with acting before specialised tax and customs courts. The practice is jointly led by all-round tax expert Rodrigo Álvarez; and tax specialist Amory Heine (a November 2021 hire from Rojas & Cía), who has ‘great experience and local knowledge that mixes well with the firm’s global capabilities‘. Since research concluded, German Vargas has left the firm.

Practice head(s):

Rodrigo Álvarez; Amory Heine

Testimonials

Creative in finding alternative solutions, and it is a plus to find lawyers who explain in a professional and simple way, even the most complex issues.

Great expertise, soft skills and experience in the field.

The last few years have been very changeable and the ability to adapt to that is key. I think this firm has achieved it with availability, technology and a lot of flexibility in adapting to the environment and client needs.

The pluses seem to me to be high levels of preparation and professionalism, availability and a team that can deliver a comprehensive service.

The tax area team has benefited from the incorporation of new partner Amory Heine. This will undoubtedly be a great contribution in relation to the training of younger lawyers in the firm.

Amory Heine is very assertive and clear in her advice and recommendations. She is empathic when facing problems and seeks to solve them as soon as possible.

Amory Heine has great experience and local knowledge that mixes well with the firm’s global capabilities. Other partners here also have longstanding experience and great willingness, and clients have access to support from a firm that is global, but that has very similar response times to local firms.

We started the relationship because of Amory Heine’s great tax experience, as well as the ability to integrate other partners from areas such as venture capital.

Key clients

Colektia Chile

Cornershop

Fracttal

Cotalker

Work highlights

  • Advised Cornershop on the tax aspects arising from the transfer of its remaining ownership (47%) to Uber.
  • Advised Colektia on the tax side to a restructuring procedure, so as to expand operations to foreign markets and obtain funds from foreign investors.
  • Advised Fracttal on tax matters concerning a restructuring procedure, so as to expand operations to foreign markets and obtain funds from foreign investors.

Deloitte Legal Chile

Well known for its advice to major domestic and international companies, Deloitte Legal Chile also acts for international investors and HNW individuals on day-to-day tax matters, tax litigation, and the tax side to significant M&A and investment deals. Joseph Courand has longstanding experience in advising on the tax aspects of international reorganisations; Hugo Hurtado (promoted to partner in May 2020) is a specialist in national and international taxation; and Paula Osorio is an expert in mining-related tax matters. Recent growth includes hiring tax disputes director Pablo Quezada in early 2021 from Fuensalida & Del Valle Abogados.

Garfias & Cía

Established in 2020, boutique firm Garfias & Cía fields a nine-member group that is dedicated to providing tax legal advice to both the corporate sector and broader business community. The practice group also houses specialists in legal wealth management and foreign investment involving individuals and families. The team is jointly led by tax law and outbound investment expert Gonzalo Garfias  (a former Allende Bascuñán & Cía partner); Andrés Bustos , who is ‘characterised by his great knowledge of both national and international tax legislation‘; and tax law and corporate reorganisation expert Pablo Ibáñez . At senior associate level, Pablo Betteley Bunster  and Pilar Donoso  are both active in tax work.

Practice head(s):

Gonzalo Garfias; Pablo Ibáñez; Andrés Bustos

Testimonials

Good communication, prompt responses and excellent service.

Confidence, clarity and responsibility.

Deep experience in tax matters. These are highly qualified professionals, not only in Chile but globally.

Extraordinary performance during complex taxation tasks – always available and highly committed.

The firm has focused its strategy on distinguishing itself as a boutique firm, placing the personalised attention of its clients at the centre of its service. I believe that this allows the creation of bonds of trust and closeness that cannot be found elsewhere. This is relevant because it allows direct assistance from the firm’s partners, which for a client means that it is considered important and that the fee for services is fair.

I think the big difference is the expert knowledge of tax matters and the ability to propose personalised solutions for clients.

Gonzalo Garfias and senior associate Pilar Donoso both have the necessary knowledge and experience for prompt and adequate solutions.

Partner Andrés Bustos is characterised by his great knowledge of both national and international tax legislation, but also by his great creativity when seeking and proposing solutions to the problems raised by clients. In particular, I would highlight his capacity for analysis when reviewing the information provided, and his investigative spirit in seeking to know all the details and different aspects of the problems, so that the proposed solution is as appropriate as possible to the particular needs of each client.

Key clients

Explora Chile

Fork Chile

Andes Mountain Water

Colegio Pioneros

Frogmi

Work highlights

  • Advises Explora Chile on tax matters.
  • Provides Pioneros with ongoing tax advice.
  • Advised Forgmi on the tax aspects of its internationalisation.

Garnham Abogados

The five-member team at Garnham Abogados is sought out for its advice on the tax issues surrounding cross-border transactions, including assisting foreign investors with their entry into Chile, as well as advising Chilean clients investing overseas. The firm is also increasingly active in tax defence matters. The tax advice group is led by Patrick Humphreys, who focuses on private wealth and corporate tax issues; and tax litigation head Arturo Garnham frequently assists with defence work, as well as private wealth taxation. Within the senior associate pool, Catalina Concha handles corporate tax issues, while Andrés López is currently pursuing an LLM at Maastricht University.

Practice head(s):

Arturo Garnham; Patrick Humphreys

Testimonials

A very good and collaborative team that is responsive – real expertise.

Arturo Garnham’s ability is exceptional – few people in Chile are so prepared and up to date, despite all the changes that occur every day.

Solid knowledge and personal commitment.

Personalised and high-quality legal service.

In my experience, they give in-depth advice on technical issues but at the same time they consider the practical aspects; and it is clear that the attention is from the partners and not a junior associate. That makes them different as the partners are actively involved. In addition, they have excellent tax and corporate know-how.

Arturo Garnham is extraordinary, as is Patrick Humphreys. The fact that they work on the issues differentiates them from their competitors: excellent technically, they understand the commercial and practical issues of the client, and they are very pleasant socially.

Key clients

Asociación Nacional de Fútbol Profesional

Work highlights

  • Acting for Asociación Nacional de Fútbol Profesional in Chilean IRS processes.

Garrigues Chile

Garrigues Chile‘s tax practice consistently works in conjunction with the labour, corporate, banking, finance and projects teams from the firm’s international network on deal-related tax structures. The group also assists with tax litigation and private client matters, and real estate issues involving VAT and income tax. The practice is led by tax planning and tax litigation specialist Oscar Ferrari , while counsel Sebastián Ferrer Del Valle  focuses on the tax planning of corporate structures and M&A deals, and tax litigation. Also on hand are senior associates María Jesús Hidalgo Larraín , who is experienced in corporate, local and international tax, and restructuring-related taxation; and tax litigator Juan Pablo Obaid .

Practice head(s):

Oscar Ferrari

Key clients

Komatsu

Empresas CMPC

Softys

Bice Chileconsult

Embotelladora Andina

Tecno Fast

Grupo Patio

Arroyo Energy Investments

Work highlights

  • Advised BNP Paribas, Citigroup, Goldman Sachs, JP Morgan, Banco Santander, Scotiabank and BNP Paribas, as initial purchasers of the Republic of Chile’s issuance of two series of notes in Euros and three series in US dollars, which required tax assistance.
  • Advising Arroyo Energy on the tax planning for its acquisition of Gasmar.

Guerrero Olivos

The recent track record for Guerrero Olivos‘ ‘exceptionally responsive‘ six-member tax practice includes advising companies from the mining and metals, renewables and financing sectors; and key areas for the team range from cross-border transactions and international taxation, to double taxation matters, and tax structures for corporate and project finance deals. The group is additionally active in tax disputes. Department leader Alejandro Chechilnitzky , who was made partner in February 2021, ‘gives practical, commercial advice that is easy to follow‘; and at associate level, Alfonso Niklitschek  specialises in local and international taxation, succession planning and corporate reorganisations. Macarena Toro left to found Toro y Cia in October 2021.

Practice head(s):

Alejandro Chechilnitzky

Testimonials

Tax lawyers who are knowledgeable about the client’s business and practical.

Exceptionally responsive (we have used other advisers in Chile where this has not been the case). Our client was based in Australia, and Guerrero Olivos made its team available for late night calls to accommodate time zone differences.

Alejandro Chechilnitzky is a lawyer who is oriented to the client’s business, providing timely solutions.

Alejandro Chechilnitzky is very knowledgeable, and gives practical, commercial advice that is easy to follow; and he is fluent in English (which is helpful when advising an international company!

Key clients

IDB Invest

Xepelin

Solek

Matrix Renewables

Telefónica Group

FEMSA

OEnergy

Antofagasta Minerals

GLL Real Estate Partners

Cap Vert Energie

Work highlights

  • Advised the Inter-American Development Bank (IDB, BNP Paribas and Banco Santander) on the tax aspects of an international financing granted to energy generation companies to fund credit rights (in relation to the Tariff Stabilization Law).
  • Advised Chilean start-up Xepelin on the tax aspects of local and international financings (funded from the US).
  • Advised Telefónica Group on structuring and implementing the most efficient tax structures for its local and international M&A transactions.

Estudio Guzman Abogados

Estudio Guzman Abogados' sizeable tax team acts on complex tax optimisation matters, as well as providing day-to-day advice on clients’ daily business. It is also on hand to assist with inspection procedures conducted by Chile’s IRS (and the tax and customs courts), along with representation during settlement claims and judicial matters. The principal figures are name partner and all-round tax specialist Enrique Guzmán, along with corporate taxation, tax planning and tax litigation partners Felipe Guevara and Sebastián Undurraga.

MBC Abogados

MBC Abogados launched its tax practice in March 2021 when it hired an experienced eight-strong team from Barros & Errázuriz, including its former tax co-head María Teresa Cremaschi. The current 10-member group advises on the full range of tax matters, including acting for individual clients and family offices on the tax aspects of their assets; and it routinely assists with complex cross-border matters. The practice fields four partners: name partner and practice head Cremaschi, an expert in advising national and international companies on complex tax matters; Evelyn Sepúlveda and Nicolás Alvarado, who both have broad tax practices; and tax disputes specialist Jazmín Gajardo.

Practice head(s):

María Teresa Cremaschi

Testimonials

A tremendous team that is dedicated to understanding the realities of clients’ industries and their needs.

A quality service that resolves clients’ concerns and real needs. I also love that the number of female and male partners is equal!

I would like to highlight Evelyn Sepúlveda and María Teresa Cremaschi, who are tremendous professionals. Very solid technical knowledge and dedicated to advising clients in the best possible way.

Key clients

Grupo Patio

Inmobiliaria El Plomo

Chilefilms

Comercial K No

Fundación Oncológica Cecilia Bolocco

Laboratorio Saval

Work highlights

  • Assisted Grupo Patio with the tax planning for the corporate structure of an association with AFP Habitat to develop industrial rental projects in Chile.

Prieto Abogados

Prieto Abogados' ‘team of highly recognised tax lawyers nationwide' routinely handles the structuring of both inbound and outbound investments into the construction, mining and technology sectors, particularly in relation to new projects and their financing. Clients also appreciate the firm’s tax litigation credentials. The department is co-led by Leonidas Prieto, who assists with business reorganisations, business structure planning and tax disputes; and Mario Gorziglia, ‘one of the market’s most outstanding tax lawyers'. Further support is provided by former adviser to the Ministry of Finance’s tax policies department, Luz María Calvo, a director since September 2021. Former partner Cristián Bay-Schmith departed to found his own, eponymous, firm in 2021.

Practice head(s):

Mario Gorziglia; Leonidas Prieto

Testimonials

A team that is very well prepared and up to date on all issues.

Skills, knowledge, experience, and very up to date with the changes in this area.

Our experience is that for tax, it is one of the best firms around.

This is a team of highly recognised tax lawyers nationwide, who have obtained excellent results for the company I represent.

Mario Gorziglia is one of the market’s most outstanding tax lawyers.

Mario Gorziglia is an excellent professional and highly prestigious university professor. His greatest quality is the clarity with which he solves complex issues.

Key clients

Aguas Andinas

Compañía Minera Doña Inés de Collahuasi

Watt’s and subsidiaries

Universidad Tecnológica de Chile

Los Andes Cooper

Mall Plaza

Isapre Consalud

Association of Chilean Banks and Financial Institutions

Engie Group Latin America

Larrain Vial

Work highlights

  • Assisted Isapre Consalud with the litigation process against the Chilean IRS, in relation to the tax treatment of judicial costs.
  • Provides Aguas Andinas with ongoing tax advice concerning its day-to-day operations.
  • Advising Fundación de Educación Nocedal on setting up an endowment for its future development.

Russi & Eguiguren | Quadrant

The result of a July 2021 merger between Russi & Eguiguren and Quadrant Legal, Russi & Eguiguren | Quadrant houses a 10-strong group that undertakes corporate and transactional taxation, wealth management and litigation. The ‘very serious‘ team is also active in asset protection, estate planning, and domestic and international tax planning and structuring. The practice’s key advisers are tax and wealth advisory specialist Gonzalo Rivera Z ; and Carlos Vergara W , whose practice includes tax defence matters, reorganisations, and corporate and wealth structuring; along with corporate and wealth advisory expert Patricio Vera , and the ‘outstandingJaime Rosso , who were both elevated to the partnership in May 2021.

Practice head(s):

Gonzalo Rivera; Carlos Vergara; Patricio Vera; Jaime Rosso

Testimonials

A multidisciplinary team that is very timely in its recommendations.

A personalised and highly professional service, covering all the matters required by our company and clients – very competent and committed lawyers, who give great confidence.

A team that focuses on its clients, and is capable of understanding their needs and directing the advice towards their total satisfaction.

Very serious and studious lawyers, who take the time to review the issues – excellent work that is coordinated with different areas of the team. The advisers work more as a team than as isolated professionals, ensuring that the client receives solutions that are constructed from different points of view.

The partners of the team are very present during everyday matters, which is not very common to see. In addition, they work in an integrated manner with accountants, which is key in tax practice. This allows the client to solve doubts and prevent contingencies from a double perspective: accounting and tax. In addition, they work with teams that carry out transfer pricing studies, which facilitates complete advice to the client.

The team is very versatile in the use of the technologies that the client requires, such as the use of collaborative platforms.

Jaime Rosso is an outstanding partner – personalised and tailored advice, with active, constant and creative participation, which means he provides us with positive and comprehensive results. He finds solutions where others do not see them, and always responds in a timely and fast manner. His accompaniment is personal and he does not send junior lawyers to carry out his work.

Gonzalo Rivera and Jaime Rosso are both very committed and with an outstanding client focus.

Key clients

BTG Pactual Chile

BTG Pactual Brazil

BTG Pactual US

CGE

Grupo Galilea

Grupo Recoleta

Ilopsa

Mutual De Seguridad

Armony

Grupo Rocío

Medismart

Ingalfarma

Get on Board

Grupo AVSA

Grupo Olbertz

Aguas y Riles

Grupo La Foresta

Taurus Capital

Work highlights

  • Advised Ingalfarma on the tax-efficient aspects of the creation of a subsidiary in the US.
  • Advising the wealth management departments of BTG Pactual in Chile, Peru, Brazil and Miami on tax and wealth management matters.
  • Ongoing advice to Grupo Mutual de Seguridad on tax matters, including compliance issues.

Tax Advisors

Tax Advisors fields an experienced  team that regularly acts in tax litigation before the Chilean IRS, tax courts, appeal courts and the Supreme Court; additional areas of strength range from tax planning and compliance to tax matters involving family businesses. Christian Blanche Reyes is a highly respected specialist in corporate and family tax planning, as well as the tax issues surrounding reorganisations and M&A deals. Fellow partner Benjamín Bernstein focuses on family and labour tax planning matters. Providing key support, senior associate Felipe Scolari is active in tax structuring, planning and litigation.

Ulloa & Cía

The 14-strong practice at Ulloa & Cía routinely assists with corporate and international taxation, tax litigation, and restructurings; and it is particularly active in the real estate, investment funds, financial services, engineering and retail sectors. The practice is co-led by Nicolás Ulloa , who focuses on assisting companies and Chilean family groups with structuring their businesses; and fellow founding partner Adriana Zaidan , who advises on the tax aspects of investments in financial assets and real estate projects. At senior associate level, Pablo Bucchi  (a recent hire from Carey) and Felipe Welkner  both act on tax matters. Former senior Domingo Godoy departed to found his own firm in 2021.

Practice head(s):

Adriana Zaidan; Nicolás Ulloa

Testimonials

I work with a team that leaves me feeling extremely satisfied.

The partners participate in each case and their excellence is in my opinion the strongest point of the firm.

The firm has the great advantage of being extremely dedicated and able to adapt to its clients. It understands the problems and looks for ways to solve them in an agile and proactive way.

A very serious and responsible law firm – the proactivity is impressive!

Nicolás Ulloa has a very strategic vision of how to solve issues.

Key clients

Moneda Asset Management

Parque Arauco

Econsult RS Capital

Clínica y Universidad de Los Andes

Credicorp Capital Chile

Capital Advisors

Cornershop

Greystar

Compass Group

Fundación MC

Algramo Corp

Inmobiliaria Maestra

Work highlights

  • Advised Cornershop and its founders on the tax aspects of the sale of the remaining 48% of shares in Cornershop that were still held by the founders in 2021.
  • Advised Moneda Asset Management on the tax structuring of an international merger process with Latin America-based alternative asset management company, Patria.
  • Advised Greystar Real Estate Partners on the most convenient tax structure for the development of services it intends to offer in Chile.

Zarhi Dreyse Amar

Zarhi Dreyse Amar is a ‘highly specialised office in tax matters‘. Founded in 2018, the 15-strong team assists HNW families, individuals and corporate clients with strategic tax decisions, as well as everyday operations. The practice also handles domestic and international tax law, along with litigation. The group is jointly led by founding partners: Rodrigo Zarhi Hernández, a specialist in tax and estate planning, tax structuring for industries with domestic and international operations, and litigation strategies; Ramón Dreyse Dañobeitía (tax planning and advice for HNW Chilean and foreign individuals, estate planning and tax structures), whose ‘knowledge stands out at the national level‘; and tax planning expert Carlos Amar Grez. Notably, the firm has hired three senior associates since mid-2021: Pablo Trucco (formerly at Recabarren & Asociados); Cristián Villa (CCS-ECM) and Pedro Pablo Gúzman M (from TGCM Abogados).

Practice head(s):

Rodrigo Zarhi Hernández; Ramón Dreyse Dañobeitía; Carlos Amar Grez

Testimonials

An office that is very easy to work with; it has a very strong focus on the quality of work and the relationship with the client. All the members of the office have a great capacity to respond to our requirements, both in terms of time and quality.

I would highlight its easy adaptation to the new realities of the business world and the use of technologies in the day-to-day of legal work, which in my experience has not been common among law firms in Chile.

A highly specialised office in tax matters, both nationally and internationally, with many HNW clients in Chile, which in my opinion gives the office a very big plus in terms of the diversity of issues on which the team advises and their complexity.

Always aware of changes in tax legislation, and responds quickly and creatively to the concerns we raise with them; and the team always offer alternatives when confronting issues. The added value/cost ratio is also very positive for clients.

Complete and up-to-date knowledge of all tax regulations.

We are more than satisfied – the service is exceptional, and we have timely and fluid communication with the firm’s professionals.

Ramón Dreyse Dañobeitía is a lawyer with great technical knowledge, who is very creative and sophisticated in the solutions he delivers to our legal problems, and with excellent management of business matters – this makes it very easy for him to understand the dynamics of our companies and provide us with good advice.

Ramón Dreyse Dañobeitía’s knowledge stands out at the national level.

Key clients

Andes Mining & Energy

Grupo Ucuquer

Ingeniería y Construcción Tecnimont Chile y Compañía

ACF Minera

Inmobiliaria Cabo Negro

Grupo Pathfinder

Inmobiliaria Ingevec

Work highlights

  • Currently providing tax restructuring advice to Andes Mining & Energy, a key player in Chile’s national electricity generation market.
  • Advising the Ucuquer Group, a large agricultural enterprise in Chile’s central region, on the implementation of a partnership and partial sale of agricultural assets (a deal that focused on achieving tax efficiency).
  • Representing Tecnimont Chile in a tax dispute with the Internal Tax Service over its rejection of performance bonds within two thermoelectric plant construction contracts.

Alessandri & Compañía Abogados

Alessandri & Compañía Abogados' tax department handles day-to-day assistance, litigation and procedures before the Tax Authority. Its experience also includes advising on internal and international taxation, fiscal and municipal taxes, customs and the application of conventions to double taxation. The principal figures are former founding partners of Gorziglia Morales Cox Abogados, namely: practice leader Franco Gorziglia, whose tax law expertise covers business reorganisations, tax optimisation and tax compliance; and José Joaquín Cox, who advises on the tax side of establishing and developing businesses in Chile and abroad. Former partner Francisco Morales Sierra departed for Guerrero Garcés in June 2021.

Practice head(s):

Franco Gorziglia

Arteaga Gorziglia & Cia Abogados

With ‘thorough knowledge of the tax regulations‘, Arteaga Gorziglia & Cia Abogados‘ practice has broad experience in tax law, tax planning, the design of tax strategies, defending taxpayers’ legitimate activities, and the resolution of tax disputes; its track record includes advising on the tax aspects of company sale transactions, corporate reorganisations and financings. Heading the team, tax and corporate reorganisation specialist Andrés Ossandón  is a recently promoted partner; and senior associate Alejandra Ross  (a recent hire from EY Chile) specialises in complex tax advice for companies and individuals, as well as tax planning and litigation.

Practice head(s):

Andrés Ossandón

Testimonials

A multidisciplinary team that works in an integrated and coordinated manner, and efficient in the number of hours that are used and billed to the client.

The tax practice stands out for its prepared, solid and reliable team, with thorough knowledge of the tax regulations and the industries in which its clients work, allowing it to deliver a personalised and adaptable service.

The tax practice has a diverse team of lawyers, who, when required, integrate very well with the rest of the firm’s practices.

Excellent communication with clients and an outstanding office location.

Possesses a highly skilled team in different areas, and the fees are reasonable and explained in detail.

Ability to resolve issues, propose alternatives, and recommend paths to follow.

Andrés Ossandón has the ability to solve complex tax problems, adapting the solutions to the needs of our business.

Andrés Ossandón has a lot of technical knowledge, solid negotiation skills and great ability when advising clients.

Key clients

Redeco

Andes Mining and Energy Group

Frontal Trust

Grupo Inmobiliario La Reina

Sumitomo Chemical Chile

Terraform

Sembrador Capital de Riesgo

Generadora Metropolitana

Highly Innovative Fuels

Puratos

Work highlights

  • Advised Grupo Inmobiliario La Reina on a tax reorganisation process that involved a spin-off from the company, so as to allocate a real estate asset.
  • Advised Bidfood on the tax aspects to the acquisition of the tangible and intangible assets of Comercializadora Insupan.
  • Advising Andes Mining and Energy on the tax aspects of the development and construction of a methanol-to-gasoline pilot project in southern Chile.

Baker McKenzie Chile

Key specialisms for Baker McKenzie Chile's five-member team are tax planning for M&A, finance and capital markets deals; international tax advice (where the Santiago office can leverage the firm’s regional and global network); and tax controversies at both administrative and judicial stages. The group is led by tax and estate planning specialist Alberto Maturana, with associate-level support provided by Cristián Bonacic, who advises on the tax side to mining projects, manufacturing, financing, IT and banking matters; and Catalina Galleguillos, who focuses on tax structuring, general tax advisory services, and local and international taxation.

Practice head(s):

Alberto Maturana

Testimonials

Experienced attorneys with expertise in the field.’

Very pragmatic, solutions oriented and client focused. A team that points out the pros and cons of each proposal.

Alberto Maturana is very knowledgeable and great at finding solutions to problems.

Cristián Bonacic is good at putting different alternatives on the table.

Baraona Marshall & Cía

Emerging from the dissolution of Baraona Fischer & Cía in January 2021, Baraona Marshall & Cía fields a five-member tax advisory practice that advises local and international clients on a broad range of tax advisory areas, including the tax aspects of general corporate matters, M&A deals and finance. Other key areas are transfer pricing, planning, and the structuring of assets, companies and individuals. The firm also houses a tax compliance team made up of auditors, in addition to a robust tax litigation practice. Following the sad passing of former name partner Juan Manuel Baraona, tax advisory and tax litigation specialist Alejandro Abuyeres (promoted to partner in October 2021), leads the team. Further support is provided by key tax member Francisca Villamán (a partner since early 2021).

Practice head(s):

Alejandro Abuyeres

Key clients

DHL Express (Chile)

DHL Global Forwarding (Chile)

Ultramar Group

Quiñenco Group

Transbank

Cooperativa Agricola Lechera La Unión

BAT Chile Operaciones

BAT Chile

Isapre Colmena Golden Cross

Merrill Lynch Corredores de Bolsa

Banco de Chile

Norte Grande

Potasios de Chile

Sociedad de Inversiones Pampa Calichera

Sociedad de Inversiones Oro Blanco

Nitratos de Chile

Inversiones Global Mining (Chile)

Sociedad Nacional de Minería

Bofill Mir Abogados

In the wake of the dissolution of Bofill, Mir & Álvarez Jana in March 2022, Bofill Mir Abogados retains a five-member tax team that is active on the tax aspects of restructuring, along with tax planning, litigation, and transactional and international taxation. The firm’s lead tax partner is Guillermo Fonseca , who specialises in taxation issues for the financial and insurance industries, and is experienced in cross-border operations, M&A operations and tax structuring. The recent track records of both Jorge Valenzuela  (promoted to partner in January 2022 while still at BMAJ) and senior associate Paris Norambuena , include tax-related litigation and transactional matters.

Testimonials

Good command of the subject.

Experience and good judgement.

A very conservative team that cares about the interests of clients, and is very well connected with important law firms in other countries. The service in general is very good.

The team is very knowledgeable about tax laws and regulations. In particular, Guillermo Fonseca and his right-hand adviser, senior associate Paris Norambuena, stand out.

CMS Carey & Allende

CMS Carey & Allende‘s five-member group consistently advises on national and international tax planning, indirect taxes, cross-border transactions, double taxation agreements, and tax planning for HNW individuals and families; and regularly works alongside the firm’s corporate and M&A practice on designing efficient tax structures for M&A deals, tax due diligence processes, and corporate reorganisations. Tax group head Diego García   is a tax planning and corporate restructuring specialist, while senior associate Gonzalo Serrano  regularly acts for HNW individuals. Former tax group director Cristóbal Groetaers    left the firm in late 2021 to co-found Groetaers, Gallegos & Cía.

Practice head(s):

Diego García

Cariola Díez Pérez-Cotapos

The six-member tax department at Cariola Díez Pérez-Cotapos routinely leverages the firm’s strong credentials in corporate law, litigation and mining matters. The group’s HNW expertise is also growing rapidly, with the team regularly mandated to structure investment plans by renowned investment banks and family offices in Chile. The tax practice is led by the director of the local branch of the International Fiscal Association, Javier Cerón, a ‘professional who always proposes alternative solutions'; while María Paz De Carcer is a key tax law associate.

Practice head(s):

Javier Cerón

Testimonials

The team is made up of top-level professionals, with extensive experience in various areas.

I would highlight partner Javier Cerón for his recognised experience and career in tax matters. Javier diligently attends to our queries, and is a professional who always proposes alternative solutions to our various queries.

Javier Cerón has accompanied us for many years as a tax adviser and knows our history from the beginning, which makes the understanding of issues more agile.

Key clients

Disney

Coca Cola

Google

Soprole

Pontificia Universidad Católica

IBM

Banmédica

Canal del Fútbol

DNB

Rabobank

Mercado Libre

JSW Steel

WeWork

Campbell Group

Brookfield Asset Management

Work highlights

  • Advised IBM on the Chilean tax structure for a spin-off involving 115 countries.
  • Advised WeWork on both the tax structure for the transfer of ownership participation and the capital contribution of Softbank into the WeWork group.
  • Advised Enel on the tax aspects of a tender offer for the acquisition of American depositary shares of its listed subsidiary Enel Americas.

Clyde & Co Chile

Clyde & Co Chile's practice is particuarly active in tax compliance matters, including acting before Chile’s IRS during tax audits. Other key areas range from individual taxation and VAT, to inheritance, international taxation, corporate income, and the tax structuring of M&A deals. The tax group is led by compliance specialist Mónica Justiniano, whose career includes 12 years at the Chilean Tax Service; associate Felipe Errázuriz assists with the tax side to corporate and patrimonial reorganisations, along with local and international taxation.

Dentons Larrain Rencoret

Dentons Larrain Rencoret handles the full range of tax work, including day-to-day tax advisory and planning, transactional structuring, and litigation. The practice is led by Juan Pablo Orellana, a specialist in personal and corporate tax planning, as well as domestic and international tax consulting. Additional partner-level support is provided by Karen Kulka and Francisco Hurtado who both have broad tax practices. At senior associate level, Michel Aguilera acts in tax disputes at both administrative and judicial stages. Orellana and Aguilera ‘know in depth how the IRS works internally'.

Practice head(s):

Juan Pablo Orellana

Testimonials

Solid legal diagnosis of the positive and negative issues, and the team proposes a framework so as to anticipate and minimise the operational and tax effects.

In-depth knowledge of the current regulations, as well as knowledge of the operations of public bodies.

Great teamwork – you can see that each member is a backup for the others, and the advisers coordinate their work, supporting each other and always supporting us.

The team handles the technical aspects of tax laws in a spectacular way, and its plus is that Juan Pablo Orellana and senior associate Michel Aguilera know in depth how the IRS works internally, which allows us to have a better approach to the examination processes with the supervisory body.

Key clients

SMU

Sigdo Koopers

Importadora USA

Mall Vivo

Banco de Crédito e Inversiones

Ingenería y Construcción Sigdo Koppers

Anasac Group

Sociedad Nacional de Oleoductos

Rio King

Willis Tower Watson

Work highlights

  • Assisted a real estate company with an assessment that went against it.
  • Advised WeFi Technology Group on its tax treatment in Chile and abroad of the assignment of accounts receivable by a US entity.
  • Assisted Inmobiliaria e Inversiones 4g with the VAT recovery for the construction of an apartment building.

Fontaine & Cía

Fontaine & Cía‘s tax practice focuses on both personal and corporation tax structures in relation to the construction and real estate sectors, as well as financial investments; and its assistance covers administrative matters, construction VAT, income and expense structures, and tax optimisation matters. Heading the team, founding partner Hernán Fontaine T‘s broad practice includes the tax aspects of business and project development. ‘Well versed in tax issues‘, associate Javier Cortés regularly defends clients’ interests before the tax authorities, and Ana María Severin (corporate / tax) is also a key member of the practice group. Former associate Soledad Lavín left the firm in 2021.

Practice head(s):

Hernán Fontaine; Javier Cortés

Testimonials

The tax area of Fontaine is characterised by it always being willing to answer questions or meet with us, either in person or by technological means.

Javier Cortés is well versed in tax issues and noted for delivering his advice with a lot of legal basis.

Key clients

Sociedad Consesionaria Tunel El Melon

Ciudad Empresarial

Compañía De Seguros De Vida Chilena Consolidada

Cámara Chilena De La Construcción

Fundación Las Condes

Almahue

Bricsa

Piedra Roja

Compañía De Seguros Confuturo

Reich

Mutual De Seguridad De La Cámara Chilena De La Construcción

Consorcio Pacífico

Bupa

Hotelera Alma Sattva

Agrícola Valle Fértil De Huechun

Inmobilaria Patagonia Virgin

Imaginex

Maui & Sons

Work highlights

  • Acted for Sociedad Concesionaria Tunel El Melon before the IRS on income audits.
  • Represents Consorcio Pacifico before the Tax Court in a tax audit of contract and invoice discounts.
  • Advised Fundación Las Condes on the tax issues surrounding a large construction project in Las Condes.

Jara Del Favero Abogados

The ‘excellent' four-member tax team at Jara del Favero Abogados assists both companies and individuals with tax planning, reorganisations and compliance matters, as well as day-to-day issues. The group’s work also includes defending clients before both the Tax Authority and the courts, and recent growth includes advising individuals and family groups on private wealth law, including establishing alliances with multi-family offices and investment banks. Tax and corporate head Rafael Valdivieso is a tax reorganisation and structuring specialist, and associate Martín Hudson's practice includes tax advisory, tax planning and audits.

Practice head(s):

Rafael Valdivieso

Testimonials

An excellent team that favours personal treatment, a quality that has been lost in other offices. In tax matters, the lawyers have in-depth knowledge, not only legal, but also accounting and financial.

There is always a partner in charge of the team, which gives me confidence. The team is also able to explain the strategies clearly, and billing is clear and transparent. The team additionally uses technology well.

Rafael Valdivieso is an outstanding partner in tax matters.

The team of three lawyers led by Rafael Valdivieso showed knowledge, competence in the issues and personalised attention. The administrative team that supported them was also very efficient.

Rafael Valdivieso and associate Martín Hudson are direct and agile advisers.

Rafael Valdivieso is the partner I work with, and he is a person who knows the business and inspires confidence – he is always available and very willing.

I deal with Rafael Valdivieso and Martín Hudson, both excellent lawyers.

Martín Hudson knows the tax space very well and has a good approach.

Key clients

FG Inmobiliaria

Emaresa

Laboratorios Sanfer

Antofagasta Minerals

Exportadora y Servicios El Parque

Juan Ballarin Del Valle

Comsulting

Grupo Lamosa

Curifor

LMS Chile

Larrain Vial

Inversiones Trifolium

Agri Superfood Management

A 4 Arquitectos

Constructora CDI

Dohle Latinamerika

Calvo Puig Family

T4F

Nabih Chadud Díaz

Agrícola Alaya

Scala Higher Education

Luis Arnaboldi Camponovo (and family)

Jorge Escobar León (and family)

Inversiones Los Pelambres Chile

Aviñon

Siom

Work highlights

  • Assisted the members of the Calvo Puig Family with designing and implementing a new corporate structure, in order to hold its ownership over group companies in a more tax-efficient way.
  • Advised Laboratorios Sanfer de Chile on the tax aspects of its merger with Chilean company Laboratorios Pasteur.
  • Defended T4F before the Chilean Tax Court, in relation to the Chilean IRS seeking the payment of withholding tax (further to foreign payments made by T4F under a service contract).

Larrain y Asociados Abogados

Larrain y Asociados Abogados‘ four-member tax group specialises in both tax consultancy and tax litigation work. The scope of its practice includes assistance with audits conducted by the Chilean tax and customs authorities, tax-related trials, and the structuring of businesses in relation to income tax, VAT and withholding tax. The group is led by Víctor Manuel Avilés, who specialises in tax planning for local and foreign clients; and associate-level support is provided by Manuel Larrain (business and tax law), and Eduardo Irribarra (an August 2021 hire from the Tax Authority). Former associate Gonzalo Guerra  departed the firm to study in the Netherlands.

Practice head(s):

Víctor Manuel Avilés

Testimonials

Takes a practical and commercial look according to the needs of the clients.

Great analytical capacity from Víctor Manuel Avilés.

Work highlights

  • Advised Marubeni Corp on the tax aspects of its role within consortium Marubeni-Techint.
  • Assisting BHP Billiton with customs issues surrounding the operation of its subsidiaries in Chile.
  • Assisted Iberdrola with the tax aspects of a bidding process for a transmission line concession.

Letonja Abogados Tributarios

Housing both lawyers and chartered accountants, 2017-established tax boutique Letonja Abogados Tributarios advises on a broad mix of tax work, including day-to-day tax matters, business reorganisations, and estate and tax planning. The group is also sought out for tax litigation; and its client base includes energy, telecoms, engineering and media businesses. The key practitioners are tax advisory, corporate reorganisation and tax disputes specialist Alexander Letonja; and fellow name-partner Kristofer Letonja, who has significant experience in tax planning and defence-side work.

PAGBAM Schwencke Chile

PAGBAM Schwencke Chile's ‘tax specialists’ legal knowledge is outstanding'. Comprising lawyers, auditors and accountants, the team’s experience covers tax advice to national and international companies on project finance, investments, M&A and disputes. It also assists with tax planning, compliance and restructuring. Department head (and tax leader at former firm Aninat Schwencke) Bárbara Neyra ‘proposes solid solutions', and routinely advises on the tax aspects of business operations, inbound and outbound investments, reorganisations and wealth management, in addition to providing ongoing tax advice to companies from the finance, retail, viticulture and IT sectors.

Practice head(s):

Bárbara Neyra

Testimonials

The lawyers of the firm are characterised by their deep knowledge of the national and international tax legislation that applies to businesses.

A firm that is committed to its clients, with advisers who deliver reports in a clear and precise manner on time. The tax specialists’ legal knowledge is outstanding, and clients have a clear perspective of all the issues that might arise.

Bárbara Neyra is an accurate professional who proposes solid solutions, and is agile when implementing legal-tax strategies.

Key clients

Tivit Chile

WPP Group

Hill Knowlton Strategies

J Walter Thompson Chilena

Austral Capital

Tech Data

One Click Global

Odata

Micro Focus

Work highlights

  • Acted for Tivit Chile before the Appeal Court in relation to an assessment issued by the Chilean IRS over tax losses and tax credits’ reimbursement.
  • Assisted Glade Brook with an investment in Betterfly PBC, which included due diligence work in relation to Chilean subsidiaries.

PTL | Prieto Tax & Legal

Established in early 2020, tax law boutique PTL | Prieto Tax & Legal houses specialists in domestic and offshore tax planning, foreign investment, international reorganisations, business structuring, M&A-related tax matters, compliance, and tax litigation. Founding partner José Miguel Prieto Correa (a former senior associate and tax head at Guerrero Olivos) is a national and international tax law expert; María José López‘s experience includes interpreting domestic tax legislation and tax treaties during complex international deals; and José Tomás Adriasola is an experienced corporate tax associate. The team was further strengthened with the May 2022 hire of Harry Ibaceta, the former director of the Major Contributors department at Chile’s Internal Revenue Service.

Puente Sur

Tax and accounting firm Puente Sur fields a nine-strong group comprising lawyers, economists and accountants, who represent clients’ interests before the Chilean tax authorities. Recent work includes advising on the implementation of VAT on digital services, VAT recovery processes and transfer pricing audits; the team is also particularly experienced in advising energy industry clients. ‘The best tax adviser of his generation', practice head Ignacio Gepp (a partner since early 2020), specialises in corporate tax and the VAT structuring of M&A transactions, along with audit procedures and transfer pricing litigation.

Practice head(s):

Ignacio Gepp

Testimonials

Puente Sur has a very competent and accessible team for the resolution of accounting or tax questions. The combination of these two elements is difficult to find in other firms.

We see Puente Sur as a leader in tax advice in Chile.

Great lawyers who are very diligent and complete – real stars!

Ignacio Gepp is extraordinarily clear, precise, accurate and quick in his responses, and he has the ability to explain complex issues that are specific to our tax system in a simple way.

Ignacio Gepp is an up-and-coming champion. The best tax adviser of his generation – charismatic, technical and excellent communication in English. A superstar!

Key clients

Stanford University

Pedidos Ya

Campbell Global

Renewable Group

Brown-Forman

Eurus Energy

EdgeConnex

Airbnb

Ebanx

Solek Group

Work highlights

  • Assisted Eurus Energy with the acquisition of several portfolios of solar farms from different developers.
  • Assisted Solek with the tax aspects of the sale of several solar farms to Rockville Capital and BlackRock.
  • Assisted EdgeConnex with the tax structure for the development and operation of numerous data centres in Chile.