Firms To Watch: Tax

Aninat Abogados' tax group director is local and international tax law expert Paula Madariaga, a former Carey senior associate and lawyer in the legal department of the Eastern Metropolitan Regional Directorate of the Internal Revenue Service.
Arteaga Gorziglia & Cia Abogados' tax law practice head Andrés Ossandón S, who is particularly focused on specialised tax advice involving the retail, real estate, energy and infrastructure sectors, was elevated to the partnership in January 2021.

Tax in Chile

Carey

Fielding a sizeable 19-strong department, Carey advises on the full gamut of tax matters, including consultancy services, planning, due diligence, assistance during tax audits, administrative procedures before Chile's Internal Revenue Service (IRS), and tax litigation. The firm has expanded its transfer pricing offering from legal advice to include financial analysis assistance; clients additionally benefit from the multidisciplinary practice's in-house certified accountants and economist. The practice co-heads are Jessica Power, who advises on personal and corporate tax, VAT, M&A, foreign investments and tax litigation; 'fast and practical' managing partner Jaime Carey (tax planning and consulting, project finance, M&A, leasing and foreign investment); and Manuel Garcés (elevated to the partnership in December 2019), whose practice comprises consultancy work, corporate tax, VAT, transactions and tax litigation. The strong associate pool includes senior Daniela Pfeffer and Ximena Silberman; and in April 2021, the firm welcomed back Manuel Alcalde as partner, following a three-year stint as the Chilean Ministry of Finance's tax policy head.

Practice head(s):

Jaime Carey; Jessica Power; Manuel Garcés

Testimonials

Their experience and knowledge made the advice accurate and without delay.’

They have an expert accounting team that allowed them to provide us with comprehensive advice, which was what we needed.

Carey’s team is different from others because of its permanent availability, immediate responses to emails and whats app messages, and the constant prioritising of clients.

Innovative approach when interpreting tax issues, seeking the appropriate legal nuances that allow the sustenance of the client’s position in the event of a dispute with the tax authority; the team also has excellent conciliation skills in case of disputes.

Carey’s internal management and operations make the billing process quite expeditious and in compliance with the requirements of our company.

Jessica Power is direct- she gave us sincere advice, looking out for the client and not herself.

Jaime Carey is fast and practical.

Key clients

MetLife

AFP ProVida

Zurich Santander Seguros

CMPC Yes

OPDEnergy

Ontario Teacher’s Pension Plan Board

Air Products

Indura

State Grid

Cheniere

Vespucio Norte Express

EY Chile

Fielding a very large tax team, multinational professional services firm EY Chile offers services across all tax disciplines, with competencies in corporate tax, international taxation, transactions tax and compliance issues; it also has an extensive network, which facilitates advice on cross-border matters. Examples of work include tax-related financing and structuring, due diligence, transfer pricing and operating model effectiveness, along with estate planning, wealth management and family governance, and dispute resolution involving the Chilean Tax Authority. Focused on corporate and international taxation, Javiera Contreras leads the tax practice, which includes Pablo Greiber, who has over 30 years' tax advice experience; Alicia Domínguez (tax advice to energy and mining companies); international tax and transactions specialist Darío RomeroCristián Sepúlveda Reed (tax due diligence, tax structuring, modelling and advisory work; Felipe Espina, an international tax services partner since 2015; and Juan Pablo Navarrete, a former international associate at Chadbourne & Parke in New York. The firm also fields experienced senior managers Nicolás Orezzoli, who is 'quick and skilled at negotiating an M&A deal's tax aspects', and Nicolás Brancoli.

Practice head(s):

Javiera Contreras

Testimonials

EY’s tax team stands out for its vast experience in transactions.

A very experienced team that is always up to date with legislative changes and the new criteria of the Tax Authority. They work closely with their clients and leave no detail to chance.

I would recommend them as tax advisers for any M&A operation.

Easygoing lawyers who listened to my problem and found the solution rapidly.

A team with experience abroad, which adds value, as well as ongoing updating, deep knowledge, network of contacts, and a wide range of services in all legal/tax areas.

Great ability to support the company when complying with tax obligations.

They stand out for their commitment and comprehensive advice, with adequate and flexible response times.

Cristián Sepúlveda Reed and senior manager Nicolás Orezzoli get deeply involved in the issues and are standout advisers; Cristián understands the commercial aspects of transactions, and Nicolás is quick and skilled at negotiating an M&A deal’s tax aspects – he is someone you always want to have on your side of the table.

Fischer y Cía

Spinning out of Baraona Fischer & Cía in January 2021, Fischer y Cía retained the bulk of the former tax team, including experienced partners Alex Fischer (as tax head) and Carolina Collantes (high-profile tax matters for local and international clients), along with next generation partners Isabel Espinoza and Juan Cristóbal Ortega – but not former senior partner Juan Manuel Baraona and former senior legal counsel Francisca Villamán. The ‘fantastic‘ 15-strong practice advises on a broad spectrum of tax advisory areas, including general corporate matters, M&A, financing, transfer pricing, and estate planning and structuring, as well as tax compliance matters. The firm also has a robust tax litigation team that handles complex and high-profile matters, and a notably strong tax and private wealth practice. Key senior associate support is provided by Juan Cristóbal Valenzuela, who focuses on indirect taxes and tax planning, andd  associate Gert Greve is also noted. Former associate Natalia Sandoval moved to EY Chile in July 2021, after only six months at the firm

Practice head(s):

Alex Fischer

Testimonials

This firm is fantastic – a trusted adviser.

Clear understanding of clients’ needs, with a proactive approach to finding solutions and great technical skills.

Great collaboration in order to find solutions.

Willingness of the partners to stay on top of the issues.

Alex Fischer is very available to his clients; he does not leave the team working alone but is there on a day-to-day basis. He gets involved and we receive first-hand advice from him.

Alex Fischer is a highly qualified tax partner with a bold approach to complex matters.

Work highlights

  • Assists Natura & Co with ongoing tax advice.
  • Assists Atento Chile on an ongoing basis.

KPMG in Chile

KPMG in Chile houses a 35-plus practice that covers a diverse range of sectors, such as banking, mining, forestry, manufacturing, and shipping and transportation, along with technology, energy and communications. Representative work ranges from domestic and international tax advisory matters and tax disputes, to corporate and labour law-related taxation, expatriate tax services, transfer pricing, capital markets and reorganisations. Other notable areas of strength include transactional tax services involving tax due diligence work, as well as acquisition structuring and financial model reviews. With over 20 years' experience, Rodrigo Stein was recently promoted to lead the firm's tax and legal group in Chile, which includes experienced practitioners Andrés Martínez (tax structuring, transactions and litigation); Alberto Cuevas (former Ministry of Finance tax policy co-ordinator); tax disputes and conflict resolution head Luis Seguel; and former tax and legal group leader Francisco Lyon (now managing partner). The second line of advisers includes managing director Juan Infante, directors José Miguel Gazitua and Alonso Morales, and manager Sergio Henriquez. Former partner Mauricio López and director Gloria Flores recently left the firm.

Practice head(s):

Rodrigo Stein

Testimonials

KPMG is a company that always maintains high standards of service.

The client is the focus of the team, which always understands what you need, and applies the expertise of its members to achieve the best solution.

It feels like a very cohesive team – in work meetings, they are all very aligned to both the subject under discussion and the client.

Project development is easy, even when one interacts with different team members, as they are all very aware of the work being done, and they show empathy towards the client.

The team delivers very good solutions.

PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada

Delivering 'highly specialised and dedicated advice', the Chilean branch of global, multidisciplinary firm PwC, PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada, covers a diverse range of tax areas, including domestic and international corporate tax planning, M&A, transfer pricing, tax compliance, labour-related tax matters, expatriate global solutions, and the minimisation of tax risks. Other areas of notable strength are tax proceedings and dispute resolution, indirect taxes, international taxation and wealth management. With over 20 years' experience in advising domestic and multinational companies on national and international taxation, Francisco Selamé heads the tax and legal department, which also includes tax controversy and dispute resolution leader Gonzalo SchmidtLoreto Pelegrí (member of the Global Board of PwC International since 2019); and experienced partners Rodrigo Winter ('undoubtedly delivers unique and highly reliable solutions') and Sandra Benedetto.

Practice head(s):

Francisco Selamé

Testimonials

Highly specialised and dedicated advice.

Rodrigo Winter undoubtedly delivers unique and highly reliable solutions – his availability and efficiency levels are extremely high.

Barros & Errázuriz

Acting for both corporate clients and individuals, Barros & Errázuriz's large tax department has a strong name in the market for its broad experience in  tax structuring and implementation, both at national and international levels; the practice is also widely respected for its wealth planning advice, as well as its representation during disputes. Compliance is another area of notable strength. Founding partner Fernando Barros heads the tax practice, which showcases Carola Trucco, who has approximately 20 years' experience in advising major companies on domestic and international taxation; and the senior associates to note are tax disputes expert Mauricio Bascuñán, and tax transactions structuring specialist Fernanda Becker. An eight-strong team, including former partner María Teresa Cremaschi, and senior associates Evelyn Sepúlveda, Jazmín Gajardo and Nicolás Alvarado, left the firm in March 2021.

Practice head(s):

Fernando Barros; Carola Trucco

Testimonials

Great advice on various tax matters with complete knowledge of the rules, legislation and regulations.

Direct contact with partners that have very good tax practices.

Very good availability to clients, with excellent quality and adequate billing.

Excellent knowledge and willing to answer any questions efficiently – direct contact with partner Carola Trucco.

Ability to adapt to the new reality of the pandemic – there was a greater presence of the team, which generated even greater support and collaboration.

A cohesive, high-level team that builds clients’ trust.

We appreciated the solidity of its proposals, that came with a lot of technical support and creativity in the tax financial world, which has undergone many changes.

Great knowledge and understanding of clients.

Work highlights

  • Advises SURA Asset Management on tax matters on a daily basis.
  • Advising Cecilia Bolocco on the establishment of Fundación Protón, which will focus on providing children with cancer-related proton therapy, entailing the analysis of the tax aspects surrounding its incorporation and operation.
  • Advises BTG Pactual Asset Management on tax matters on a daily basis.

Claro & Cia.

Housing a 12-strong department (as well as three tax accountants), Claro & Cia.'s tax practice is able to leverage off the firm's widely recognised capabilities in M&A, capital markets, banking and project finance; and it is well known for its tax advice to multinationals and large local clients on complex domestic and cross-border transactions. The team is also consistently sought out for its design and implementation of tax-efficient schemes, along with its expertise in litigation before the Tax Courts. Heading the firm's tax department, Jorge Carraha ('one of the best lawyers I have met in Chile') advises corporate and family office clients on tax-related transactions, group restructurings and litigation; providing key support is senior associate Nicolás Maturana, who assists with local and cross-border transactions and tax controversies.

Practice head(s):

Jorge Carraha

Testimonials

The multidisciplinary approach of the tax team allows it to have complete vision of our businesses and the problems that afflict us on a day-to-day basis.

Not only do they have excellent lawyers and accountants, but some of them even have MBA studies in Chile or abroad, which allows them to have a broader vision when defining solid strategies for more complex transactions.

The team of excellence that characterises Claro allows it to deliver effective solutions for domestic and cross-border transactions, leaving us as clients to rest on their professionalism when facing future issues.

On very few occasions have I had the confidence to deliver a favourable opinion on an external adviser, such as the one I am now giving for the Claro & Cía. tax group.

Provides complete and multidisciplinary advice – whenever we turn to this tax team, we are sure that highly complex jobs will be solved in an efficient and solid manner.

Jorge Carraha and senior associate Nicolás Maturana, who has great potential, stand out within the team.

Jorge Carraha is a lawyer whose perspective is not only legal, but also aimed at understanding clients’ problems (with a focus on finance). He is one of the best lawyers I have met in Chile, as well as globally – without a doubt, for any matter involving Chile, my absolute recommendation is that Jorge Carraha attend to it.

Nicolás Maturana is very good and dedicated to his work.

Key clients

Walmart

Latam Airlines

MUFG Bank

Tánica

Newport Group

Compañía Sud Americana de Vapores

SAAM

AMP Capital

ABB

Work highlights

  • Advised Uber Technologies on the tax side to the acquisition of a majority stake in grocery delivery start-up Cornershop.
  • Assisted Sempra Energy with the tax aspects surrounding the direct and indirect sale of high-value Chilean assets.
  • Advised AMP Capital on the tax aspects of a $200m investment in support of the establishment of a strategic partnership and the acquisition of over 150 electric buses for Santiago’s public transport system.

Fuensalida & Del Valle Abogados

'An outstanding practice for tax issues', boutique firm Fuensalida & Del Valle Abogados fields an eight-member department that advises on the full gamut of tax-related matters, with particular focus on complex tax litigation, securities and capital markets-related tax matters, and tailor-made local and international restructurings. The practice co-heads are 'tremendous lawyer' Jaime Del Valle (restructurings, M&A, day-to-day tax matters and tax planning); Carolina Fuensalida, whose experience includes leading Claro & Cia.'s tax department for ten years; and tax and corporate consultancy expert Cristóbal Ureta, who has an 'excellent combination of tax and corporate law knowledge'. At senior associate level, Trinidad Fernandez is in charge of the local tax planning department, while former senior associate Pablo Quezada left the firm in December 2020.

Practice head(s):

Jaime Del Valle; Carolina Fuensalida; Cristóbal Ureta

Testimonials

An outstanding practice for tax issues.

A group of professionals who are very well prepared and very supportive of in-house lawyers.

Compares very favourably with other firms.

The pluses are in the preparation, knowledge and training of the team members.

The deep knowledge of the partners, the excellent results obtained in the procedures before the IRS, and the excellence and commitment of the work they carry out differentiate them from the rest of the competition.

Dedicated, professional relationship with the client – great for its knowledge of the law, its practical application, relationships with administrative bodies and the speed of its responses.

Jaime Del Valle is a tremendous lawyer, who understands complex operations.

Cristóbal Ureta has an excellent combination of tax and corporate law knowledge that makes him a very comprehensive lawyer and fundamental adviser to all our businesses.

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

Grupo Piriz Yaconi

Grupo Patagónica

JP Morgan

Grupo Kast

Grupo Torca

Work highlights

  • Acted for Banco Itaú Corpbanca, as part of the legal advisory team in charge of tax administrative litigation against the Chilean IRS, which related to tax base erosion involving expenses deduction.
  • Advised Unifrutti Group, a major Chilean fruit producer and exporter, on the tax aspects surrounding the issuance of a second bond line for approximately $30m.
  • Acted for Mota – Engil Chile in tax administrative litigation against the Chilean IRS, in relation to tax losses.

Garrigues Chile

Fielding a 'unique' and 'up-to-date' tax practice, Garrigues Chile's eight-member group is led by 'tax connoisseur' Oscar Ferrari, who has extensive experience in corporate tax and tax litigation. The department regularly works alongside its corporate, banking, finance and projects colleagues on the creation of effective tax structures for complex deals; it is also experienced in tax litigation, and can boast real estate tax and private client expertise. The team has grown significantly through the recruitment of counsel Sebastián Ferrer del Valle, who joined from accountancy firm Crowe Chile in early 2020 with associate Francisca Gómez Lagos; at senior associate level, María Jesús Hidalgo Larraín was hired from Philippi Prietocarrizosa Ferrero DU & Uría in 2019, while tax litigator Juan Pablo Obaid returned in March 2021 after a short stint at the New York office of global professional services firm Alvarez & Marsal.

Practice head(s):

Oscar Ferrari

Testimonials

They have strong technical tax skills, in addition to keeping up to date with the continuous changes that occur in this area.

What makes this practice unique is its knowledge of Chilean tax law and the ease with which they transmit it to clients.

What sets Garrigues apart is its global vision of the law, and the ability to provide advice on complex corporate restructuring work.

The plus is the tax knowledge of its lawyers and the ability they have to bring that knowledge to the execution of a transaction.

Oscar Ferrari is an excellent lawyer and a tax expert, but with knowledge of other areas of law, as well as being a business person.

Oscar Ferrari is undoubtedly one of the best lawyers around for Chilean tax law, after having worked with different law firms in Chile for several years; his knowledge is valued, as is his advisory capacity. A national benchmark – he is not just a great tax expert, but a person with a business outlook.

We are very grateful to the firm, where we must undoubtedly highlight Oscar Ferrari – a great lawyer and tax connoisseur. He undoubtedly makes Garrigues differentiate itself from other firms, and his willingness to carry out complex tax tasks within tight timescales is a big plus for clients.

Of counsel Sebastián Ferrer del Valle delivers concise and precise explanations of the subject matter, has real knowledge about tax implications, and a very good command of English.

Key clients

Scania

Morgan Stanley

Santander

JP Morgan

Fidelidade Seguros

Work highlights

  • Assisted Scania with tax planning for the incorporation of a special purpose vehicle to participate in a public transport tender (called by the Chilean Transportation Ministry to contract bus fleets for Chile’s public transportation system).
  • Assisted BNP Paribas, Societé Générale, Santander, Credit Agricole, HSBC and JP Morgan with tax planning for the Republic of Chile’s issuance of approximately €2bn in green bonds in the international capital markets.
  • Assisted Morgan Stanley Scotia Capital with tax planning for Metro de Santiago’s $1.5bn international notes offering.

Philippi Prietocarrizosa Ferrero DU & Uría

Philippi Prietocarrizosa Ferrero DU & Uría's 12-strong specialised tax group (including an in-house accountant) is widely respected for its assistance with corporate and private wealth matters, domestic and international tax planning and structuring, tax litigation, and administrative procedures before the tax authorities. Tax consultancy work, M&A, legal opinions on anti-avoidance rules, international restructuring and double taxation treaties are also key areas for the practice. Jointly heading the department are Mario Silva (corporate/personal taxation, tax planning, and corporate restructuring) and Guillermo Infante ('strategic outlook and attention to detail'), a specialist in M&A, and the finance, energy and natural resources sectors. The second line of advisers showcases principal associates Arturo Selman (tax disputes head) and tax planning specialist Magdalena Munita Irarrázaval, who has 'a deep understanding of the law'.

Practice head(s):

Mario Silva; Guillermo Infante

Testimonials

Excellent professional quality, with high levels of technical and practical knowledge of legal and tax matters at both Chilean and international levels.

Highly personalised attention and great willingness to serve us as clients.

Great knowledge of the law, the regulator and our business.

Since we started working with this firm we have not looked for other lawyers in this area – there is no need to.

Guillermo Infante has a strategic outlook and attention to detail, along with a deep understanding of the law, and our company and its needs.

Principal associate Magdalena Munita Irarrázaval has a deep understanding of the law, the regulator and our company; she actively participates with our members to help them understand the most practical aspects of restructuring, and always answers quickly and with great dedication.

Key clients

LATAM Airlines

Scotiabank

Ardian

Empresa de Transporte de Pasajeros Metro

DiDi Mobility Information Technology

Isapre Cruz Blanca

Work highlights

  • Advised LATAM Airlines on the applicable tax treatment for the repurchase price of securities.
  • Advised Metro on restructuring how its infrastructure contracts are offered, which included issues such as the application of withholding tax, VAT and the general anti-avoidance rule.
  • Advised Scotiabank on the tax-related structuring of the sale of its insurance company, Scotia Seguros de Vida, to BNP Paribas Cardif.

Prieto Abogados

Prieto Abogados' ten-strong 'tax team is highly experienced and technically knowledgeable - a benchmark among law firms'. The practice is constantly sought out for its expertise in structuring inbound and – increasingly of late – outbound investments in projects and related financings in the construction, mining and medical technology sectors. The firm also has a strong tax litigation offering, while its private client practice and tax planning work for family offices and individuals have grown significantly in recent years. Co-leading the practice are corporate and business organisation expert Mario GorzigliaLeonidas Prieto (business reorganisations/structuring and dispute resolution); and tax law specialist Cristián Bay-Schmith, who has been a partner since 2018. Associate Luz María Calvo rejoined the firm from the Ministry of Finance's tax policies department in November 2019 and has since been appointed counsel (as of Septemer 2021).

Practice head(s):

Mario Gorziglia; Leonidas Prieto; Cristián Bay-Schmith

Testimonials

The tax team is highly experienced and technically knowledgeable – a benchmark among law firms. Added to this is great professionalism and commitment to its clients.

Great for technical knowledge and professionalism during the analysis of tax complexities, as well as the commitment they make to the client relationship.’

A team with a lot of experience – we have worked with them for a long time and this shows the confidence we have in their work.

They are very concerned about the needs of their clients.

An extraordinary tax team – solid, proactive, efficient and discreet.

Leonidas Prieto and Cristián Bay-Schmith are very prominent partners.

Leonidas Prieto is very easy to work with, there are never any complications or problems.

Mario Gorziglia work is of excellent quality work, and he is very focused on client service.

Key clients

Aguas Andinas

Compañía Minera Doña Inés de Collahuasi

Watt’s

Universidad Tecnológica de Chile INACAP

Los Andes Cooper

Mall Plaza

Larraín Vial

Suez Group

Engie Latam Group

Desafío Levantemos Chile

Work highlights

  • Acted for Isapre Consalud in litigation with the Chilean IRS, which concerned the tax treatment of judicial costs paid (further to thousands of constitutional claims filed against Isapre Consalud).
  • Advised Chilean miner Compañía Minera Doña Inés de Collahuasi on the tax structuring of a project involving the acquisition, financing, leasing and rendering of the services of an aircraft.
  • Advised China State Construction Engineering Corporation on the tax issues surrounding the setting up of a construction project-related subsidiary in Chile.

Recabarren & Asociados

Launched in 2014, Recabarren & Asociados' 'extraordinary and unbeatable' 30-strong group has quickly established itself as a go-to practice for the tax aspects of M&A, local and international corporate and personal reorganisations, and estate planning. The firm also fields a highly experienced tax controversy and litigation team that consistently acts before the local IRS, Tax Courts, Courts of Appeal and Supreme Court. The team's co-heads are Soledad Recabarren, who focuses predominantly on estate planning for high-net-worth (HNW) individuals and family offices, along with tax policy, personal taxes, and corporate and transactional taxation; tax disputes head Luis Felipe Ocampo; and Álvaro Pérez, who has over 15 years' tax consulting experience. Significant growth includes the recruitment of Mauricio López Lastra and Gloria Flores (as partners) from KPMG in Chile in September and November 2020, respectively.

Practice head(s):

Soledad Recabarren; Álvaro Pérez; Luis Felipe Ocampo

Testimonials

R&A’s dominance in the tax area is remarkable, offering multiple alternatives to any type of queries, all of them with proper arguments.

Resolves clients’ needs in a comprehensive manner, while the specialisation and experience make them an extraordinary and unbeatable team. In addition, they have remained faithful to their focus and not expanded to other areas like many of the competition – this reinforces their focus and commitment to tax, without diluting their practice or excellent reputation.

The availability and concern to understand their clients comprehensively, both on business and personal levels, are remarkable.

Stands out for their experience, knowledge and understanding of our business.

Very personalised advice from an excellent and professional work group, comprising both lawyers and auditors, that always transmits peace of mind to clients.

Compares very favourably – good quality of the partners and even the most junior lawyers.

An excellent team that takes care of its clients.

Álvaro Pérez and Soledad Recabarren are outstanding when it comes to solutions in the tax field and business restructuring. The follow-up and support that I received as a client during the implementation of tax decisions was amazing, compared with our experience at other law firms.

Allende Bascuñán & Cía

Allende Bascuñán & Cía's specialised tax team has a strong reputation for its advice to HNW individuals; it regularly assists over 20 family offices (owned by some of Chile’s wealthiest families) on asset protection and allocation matters, tax structuring, project finance-related tax issues, inheritance law, long-term wealth management planning, and domestic and offshore investment schemes. Head of the tax and wealth management practices Francisco Javier Allende is an 'outstanding partner'; Mario Donoso is a director of the domestic taxation practice; and 'tax expertMauricio Carloza joined from Deloitte Legal Chile in September 2020 as international tax practice director, further to the earlier departure of former practice co-head Gonzalo Garfias, and associates Andres Bustos and Pablo Ibánez.

Practice head(s):

Francisco Javier Allende; Mauricio Carloza; Mario Donoso

Testimonials

The key characteristic for me has been the personalised attention and reliability of the service provided.

The work team is solid.

Its broad knowledge of the issues they address makes them irreplaceable.

Great for personalised attention and the resolution of specific problems with innovative solutions.

They differ from competitors in terms of the confidence I have in them.

As a result of the pandemic, online meetings have been successfully implemented, and with them the efficient use and collection of time.

Francisco Javier Allende is an outstanding partner.

Director Mauricio Carloza is a tax expert, who made a great contribution to the corporate restructuring we are carrying out.

Key clients

Detroit

Jose Aveggio Peirano

Industria Textil Monarch

Compañía Minera Carmen Bajo

Constructora Ignacio Hurtado

Fundación Las Rosas

Renner Sayerlack

Atlas Air

Grupo Lagos

Liventus

Skava Chile

Work highlights

  • Advised Detroit on the design and implementation of a corporate reorganisation, by which the company, subsidiaries and special-purpose vehicles restructured equity in Chile and other jurisdictions, which included tax efficiency issues.
  • Advised Industria Textil Monarch on the design and implementation of a  reorganisation plan to simplify the corporate group’s structure alongside tax-efficient solutions.
  • Advised Cía Minera Carmen Bajo on the optimisation of its group’s corporate structure through the deployment of tax-neutral mechanisms.

Baraona Marshall & Cía

In January 2021, Baraona Marshall & Cía spun out of Baraona Fischer & Cía and established a four-member tax advisory practice including name partner Juan Manuel Baraona (‘significant experience in how the authorities work), recently promoted Francisca Villamán and associate Alejandro Abuyeres, who are all active in transactional and contentious tax work. The group’s scope of tax service covers advice to local and international clients on general corporate matters, M&A transactions, financing, transfer pricing, and the planning and structuring of assets, companies and individuals; it also offers a tax litigation practice that acts before the Tax Authority, specialised tax tribunals, Courts of Appeal, Chilean Supreme Court and Chilean General Comptroller. Sadly, since research has concluded, Baraona -long a key figure in Chilean tax circles- passed away.

Practice head(s):

Juan Manuel Baraona

Testimonials

They know our business very well and are committed to solutions – they are also very creative.

Solid experience in tax matters built up over many years.

They always seek unique and creative solutions.

Superior to any other tax firm because they simplify complex issues so that non-specialist lawyers and non-lawyer clients can understand them.

The simplest thing is what is appreciated – calling with your cell phone and have someone answer you right away.

Juan Manuel Baraona has significant experience in how the authorities work.

Francisca Villamán achieves clear and understandable resolutions for taxpayers.

Associate Alejandro Abuyeres accompanies the client, explains the case, and gives clear, synthetic but complete reports on the status of trials.

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

CMS Carey & Allende

Areas of tax expertise for the six-strong team at CMS Carey & Allende range from domestic and international tax planning, indirect taxation, cross-border transactions and double taxation treaties, to tax planning for HNW individuals and families, and devising tax-efficient structures for M&A deals (including tax due diligence work). It also provides tax counsel for corporate reorganisations, acts before the tax authorities, and assists with tax claims and litigation before the Chilean IRS and tax courts. Practice leader Diego García is particularly noted for tailor-made tax planning and corporate restructurings; tax group director Cristóbal Groetaers focuses on tax efficiency opportunities and fiscal compliance; and senior associate Gonzalo Serrano's practice includes tax planning for HNW individuals.

Practice head(s):

Diego García

Testimonials

Great for the team’s ability to understand the tax issues being dealt with and for their knowledge of the law and process.

Very well versed in case law.

They are highly creative at finding solutions and always available; and the work with different practice areas is co-ordinated very well and efficiently. The permanent updates on legal changes are also appreciated.

My experience with them has been far superior to that of other firms.

The level of its lawyers is remarkable, and it goes hand in hand with  personalised advice that allows a relationship of trust with them.

Very happy with the service.

Diego García stands out for his professionalism, personal concern and empathy.

Diego García, director Cristóbal Groetaers and senior associate Gonzalo Serrano’s knowledge of the workings of the judicial system and case law are outstanding.

Key clients

Grupo Inso Chile

Work highlights

  • Advised Grupo Inso (a consortium including Inso, Condotte and Cossi) on the tax structure for a tender award of a contract for the design and construction of a new hospital in Ñuble (southern Chile).

Deloitte Legal Chile

Deloitte Legal Chile consistently advises international and domestic companies, along with international investors and HNW individuals, on day-to-day tax matters, the tax aspects of M&A and investment transactions, and tax-related disputes. Joseph Courand assists Chilean and foreign companies with national and international legal and taxation matters, with particular focus on the tax issues surrounding M&A and international reorganisations; Hugo Hurtado is a lead partner (since May 2020); and Paula Osorio is a transactional tax expert. Tax controversy director Pablo Quezada joined in January 2021 from Fuensalida & Del Valle Abogados.

Fontaine & Cía

Medium-sized law firm Fontaine & Cía houses a team with expertise in personal and corporation tax structures, particularly in relation to the construction and real estate sectors, and financial investments; it also assists with administrative situations, VAT, income and expenses structuring, and tax optimisation work, along with contingency solutions, property tax, and defending tax claims. Founding partner Hernán Fontaine T leads the group, with associate support provided by Javier Cortés (tax structuring and defending taxpayers) and Soledad Lavín, who assists families and companies with tax-efficient strategies. Former partner Astrid Hardessen Lazo became a tax adviser at the firm in 2020.

Practice head(s):

Hernán Fontaine T; Javier Cortés P.

Testimonials

The team is characterised by always being available to meet with me, and works quickly.

Very good quality when solving the problems raised.

In addition to having solid knowledge, they are very pleasant people with whom you can converse well about subjects.

Key clients

Sociedad Concesionaria Tunel El Melon

Chilena Consolidada Seguros de Vida

Cámara Chilena de la Construcción

Las Condes Foundation

Almahue

Brotec

Piedra Roja

Confuturo

Conpax

Icafal

Mutual de Seguridad de la Cámara Chilena de la Construcción

Imaginex

BUPA

Hydrosym

Consorcio Pacifico

Work highlights

  • Acted for Ciudad Empresaria in tax matters before the IRS and tax courts.

Garfias & Cía

Boutique firm Garfias & Cía was launched in April 2020 by founding partners Gonzalo Garfias, whose practice focuses on tax law and outbound investment; Pablo Ibáñez (tax law and asset reorganisations); and tax law and corporate reorganisation specialist Andrés Bustos. All three partners previously worked at Allende Bascuñán & Cía, where Garfias was partner and Ibáñez and Bustos both associates. The six-member department has 'solid technical knowledge', and specialises in wealth management work, as well as foreign investments that target individuals and families.

Practice head(s):

Gonzalo Garfias; Pablo Ibáñez; Andrés Bustos

Testimonials

Knowledge, versatility and ability to provide solutions.

Solid technical knowledge.

A boutique that characterises its practice through personalised attention.

Key clients

Córpora

Explora Chile

Colunquén Investment Office

Forestal Terrasur Frogmi

Surex Activos Inmobiliarios

Embotelladora y Comercializadora Aguas Santa Amalia

Work highlights

  • Advises Córpora, a business group comprising over 20 companies that are concentrated on the hotel, real estate, agricultural, food and financial services sectors, on all tax-related matters.
  • Advises Explora Chile, a chain of hotels with a presence in Chile, Argentina, Peru and Bolivia, on tax-related matters.
  • Assists Surex Activos Inmobiliarios (real estate developments) with tax-related matters.

Garnham Abogados

Garnham Abogados' six-member group is highly experienced in advising foreign clients on the tax issues surrounding their investments and operations in Chile; it also assists with cross-border transactions and foreign structures, and has grown its practices in tax litigation, indirect taxes and digital services. Tax litigation head Arturo Garnham (also chairman of the Universidad Adolfo Ibáñez School of Law's Master Programme in Taxation) predominantly focuses on income tax, the tax aspects of M&A deals, and HNW individuals' legal structures; Patrick Humphreys, who 'stands out', leads the firm’s tax advice group. At senior associate level, Catalina Concha and Andrés López both have private wealth planning expertise.

Practice head(s):

Arturo Garnham; Patrick Humphreys

Testimonials

The Garnham team is very available, always accompanies us throughout our projects, and the vision they have is much more complete than other firms we have worked with.

A very professional team that fully masters the issues they work on.

Constant communication between the partners and associates, which produces peace of mind in the client, since he/she knows that no matter who is looking after the case, it will be well looked after.

The partners and associates treat all their clients equally, and are very committed to pro bono work.

Patrick Humphreys stands out.

Key clients

Asociación Nacional de Fútbol Profesional

Work highlights

  • Provides legal tax advice to Asociación Nacional de Fútbol Profesional (a Chilean national sports institution), in relation to Chilean IRS procedures.

Guerrero Olivos

Guerrero Olivos' 'well-balanced' practice is particularly noted for its expertise in the mining, real estate and energy sectors; its key work areas include cross-border transactions, international taxation, double taxation, and tax structures for corporate and project finance deals. The firm also has a robust tax litigation practice. 'Very intelligent' tax head Alejandro Chechilnitzky was promoted to partner from senior counsel in February 2021, and associate Pablo Escobar (tax compliance, national taxation, audits, planning and tax crimes) joined from Chile's IRS in April 2020. Also integral to the group is 'very methodical' associate Macarena Toro, a national taxation expert, while former senior associate and tax group head José Miguel Prieto left the firm in January 2020.

Practice head(s):

Alejandro Chechilnitzky

Testimonials

The team works very well together.

The team’s tax practice is well balanced. It is made up of lawyers and accountants, covering different areas of tax law.

The team stands out for the different specialities of its members, being able to cover (with a considerable level of experience) tax consulting, taxpayer defence work and tax litigation.

Alejandro Chechilnitzky has a lot of experience in tax consulting (national and international).

Alejandro Chechilnitzky is a very intelligent, creative professional who is very concerned about clients.

Alejandro Chechilnitzky has a lot of knowledge and experience in tax matters.

Associate Macarena Toro is very methodical in the way she approaches issues.

Macarena Toro is always available and attentive, with a lot of practical experience.

Key clients

Fomento Económico Mexicano

BlackRock Chile Asesorías

Antofagasta Minerals

Rio2 Limited Group

IDB Invest

Amazon

GLL Real Estate Partners

Barrick Gold Corporation

Empresas Carozzi

oEnergy Capital

Texas Pacific Group

Solek

Scotta Group

Kenbourne Invest

WOM

Administradora Mater

Fundación Arturo López Pérez

Inmobiliaria BNV

Cap Vert Energie

Work highlights

  • Advised IDB Invest on the tax side of a high-value energy deal-related financing.
  • Advised FEMSA on the tax structure for the acquisition of Grupo Socofar.
  • Advised US fund Texas Pacific Group on the tax side to the $700m acquisition of companies owned by Chinese group, Trina Solar.

Estudio Guzman Abogados

Estudio Guzman Abogados' 'very good, diverse and agile' 13-strong team assists clients seeking to optimise their business tax burdens, along with ongoing support during daily operations. The practice also advises on inspection procedures carried out by the Chilean IRS and the tax and customs courts, including representation during settlement claims and judicial matters. With extensive knowledge of tax regulations, Enrique Guzmán has over 20 years' experience in tax advice, capital restructuring, taxpayer defence work, and the successful closing of business sales. Additional partner-level support is provided by Felipe Guevara and Sebastián Undurraga, while senior attorney Jose Manuel Armijo returned from overseas studies in October 2020.

Practice head(s):

Enrique Guzmán; Felipe Guevara; Sebastián Undurraga

Testimonials

A very good, diverse and agile team; and after going through several law firms, this one is the most reliable.

The people who work in the office are serious, responsible and collaborative.

Young people, but with a lot of experience, and they are very professional.

Key clients

Frutícola San Fernando

Serbanc

Moneda Asset Management

Danilo Jordan

Avícola El Monte

Constructora Valko

Minera Mantos de Luna

Agrícola Mahacar

Frigorífico Temuco

Corcoran y Cia

Antártica XXI

Los Tilos – Curimapu Agroconnexxion

Boetsch Group

Work highlights

  • Assisted Agrícola Mahacar with the tax issues surrounding a property sale.
  • Assisted Boetsch with the tax issues surrounding the $30m sale of a stake in a related company.
  • Assisted Mantos de Luna with the tax issues concerning the purchase of a mining company.

MB Abogados

In March 2021, MB Abogados launched a tax practice when it recruited a high-profile, eight-strong team from Barros & Errázuriz, including: new name partner and tax head María Teresa Cremaschi, who specialises in the tax aspects of cross-border transactions, M&A and business restructuring; and former senior associates Evelyn Sepúlveda (transactional tax-structuring specialist), Jazmín Gajardo (broad tax disputes and taxpayer defence expertise), and tax specialist Nicolás Alvarado (all of whom have been incorporated as partners).

Russi & Eguiguren | Quadrant

Founded in 2017, Russi & Eguiguren | Quadrant's 'very strong' eight-member team specialises in corporate and transactional tax, wealth management advice, tax compliance, and representation before the Chilean IRS. With enviable backgrounds, the principal figures are Gonzalo Rivera Z, a former tax manager at BTG Pactual Chile and expert in securities taxation and wealth planning for HNW clients; experienced tax litigator Carlos Vergara W, who has 'deep technical knowledge'; and Jaime Rosso G ('versatility and practical knowledge'), who joined in June 2020 as of counsel from Morales & Besa (where he was tax co-head), making partner in April 2021. Rosso G brings expertise in international taxation, and project finance and development-related taxation.

Practice head(s):

Gonzalo Rivera Z; Carlos Vergara W; Jaime Rosso G

Testimonials

Fluid communication between team members.

A very good team that is always available to answer questions and propose ideas to solve problems in order to help the client.

They seek to understand the client’s operations and problems, and provide  deliverable documents.

Always available to solve problems and they listen to the client, seeking solutions together.

A very strong team staffed only by very experienced attorneys. In addition, they have a team of tax auditors, which distinguishes them in relation to other tax and heritage boutiques.

Multidisciplinary team with highly experienced lawyers and specialised auditors.

The team stands out for its commercial vision. I believe that all or most of the members of the legal team have been officials at the IRS, which is undoubtedly of tremendous support.

I would highlight the versatility and practical knowledge of Jaime Rosso G and the deep technical knowledge of partner Carlos Vergara W.

Key clients

BTG Pactual Chile

BTG Pactual Brazil

BTG Pactual US

CGE

Grupo Galilea

Grupo Recoleta

Familia León Navarro

Ilopsa (Lápiz López)

Mutual De Seguridad

GPG Solar

Ingeniería y Construcción Sigdo Koppers

Work highlights

  • Advised BTG Pactual Chile, as external wealth planning adviser, on patrimonial matters.
  • Assisted BTG Pactual US with designing a tax-efficient investment structure to be implemented abroad.
  • Advised GPG Solar, a Naturgy Chilean branch, on an early VAT refund (associated with the construction of the San Pedro I and San Pedro IV solar projects).

Tax Advisors

Founded in 1992, 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 name partner Benjamín Bernstein focuses on family and labour tax planning matters. Providing key support is senior associate Felipe Scolari, who is active in tax structuring, planning and litigation.

Torretti & Cía.

Launched in 2018, Torretti & Cía.'s 14-member practice advises a diverse range of clients, ranging from corporations and investment banks to HNW individuals and non-profit organisations; typical work includes the tax issues surrounding foreign investments, corporate law, private client matters and wealth management. The team is co-led by name partner Eduardo Torretti, a member of the tax commission of SOFOFA, a non-profit trade association, and Sebastián Martínez-Conde (partner since late 2018), who participates in most of the firm's major deals. The second line of advisers fields experienced senior associate Francisco Alcaíno and associate Francisco Larios, while growth includes the 2020 recruitment of associates María Elena Würth and Sebastián Aguilar from Deloitte Legal Chile and PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada, respectively.

Practice head(s):

Eduardo Torretti; Sebastián Martínez-Conde

Testimonials

Thorough knowledge of tax legislation.

The ability to understand the needs of clients.

A complete team that is hardworking and expert in its field.

Available, committed, empathetic people, who are very collaborative.

Committed associates – to both the firm and the client’s needs.

As good as the best – they really know what they’re doing.

The points that stand out about this tax team are its level of knowledge and experience in tax matters, as well as the personalised attention to its clients.

Eduardo Torretti is a very complete lawyer – not only is he a tax expert, he is also a great lawyer with commercial and civil law knowledge .

Key clients

UBS

Mammoet-Ale

Celta Consultores

Territoria

R&V Ingenieros

Actual

Swinvest

Editorial Médica Panamericana

Constructora Oval

MPM

Work highlights

  • Assisted UBS with foreign investment tax seminars for its HNW clients.
  • Assisted Southwestern Property Corp with structuring investment alternatives for Chileans seeking to invest in real estate funds in the US.
  • Acted for Celta in obtaining rulings that ensure tax benefits for international mining brokerage activities.

Ulloa & Cía

Founded in 2016, Ulloa & Cía advises on a broad range of tax matters, including domestic and international taxation, corporate restructuring-related tax issues, and tax dispute resolution; other notable areas are family business tax matters and tax compliance. Nicolás Ulloa ('great management of tax issues') is a former PricewaterhouseCoopers Consultores, Auditores y Compañía Limitada partner; fellow founding partner Adriana Zaidan heads up the firm's international tax law department. Further support is provided by senior associate Domingo Godoy, who regularly defends taxpayers before Chile's IRS and municipalities.

Testimonials

The most relevant aspect is the specialism they have in the tax space, as well as the ability to analyse the tax issues applicable to our business, which allows us to receive satisfactory answers to our queries.

Nicolás Ulloa provides great management of tax issues, and adequately understands the real estate sector, which allows him to give us complete advice when we require it.

Zarhi Dreyse Amar

Zarhi Dreyse Amar fields a ten-strong team (including three partners) that specialises in international tax law involving both corporate and litigation matters. Typical corporate tax work covers tax implementation, M&A, real estate, investments, compliance and business reorganisations; regarding tax advice for private individuals, the office predominantly focuses on estate tax planning, probate and asset management. On the litigation side, the practice is experienced in tax defence work. The experienced founding partners Ramón Dreyse Dañobeitía ('great business knowledge'), Rodrigo Zarhi Hernández and Carlos Amar Grez all maintain broad tax law practices.

Practice head(s):

Rodrigo Zarhi Hernández; Ramón Dreyse Dañobeitía; Carlos Amar Grez

Testimonials

Stands out from other offices for the creativity of the solutions delivered to clients, its attention at any time and in any circumstance, its connections, and excellent technical handling of tax matters.

This is an office that effectively solves the affairs of its clients.

A very good and personalised service.

It differs in its personalised, agile service and 24/7 availability.

What makes this practice different is that a partner assists clients directly, listens carefully to the problem, analyses the solutions, and explains the alternatives in depth.

Expert tax knowledge with the ability to incorporate tax variables into business decisions, without hindering business flow.

What I value is the ability to understand the problems and their implications, to propose concrete and effective solutions, and manage such solutions quickly and rigorously.

Ramón Dreyse Dañobeitía has great business knowledge and is deeply involved in the affairs of his clients, which allows him to provide a high level of advice and assertiveness. It is difficult to find a lawyer of his age who mixes the technical knowledge of this discipline with business management and strategy so well.

Key clients

Andes Mining & Energy

Colliers International

Grupo Ucuquer

Ingeniería y Construcción Tecnimont Chile

Compañía Limitada N

ACF Minera

PMP Chile

Inmobiliaria Ingevec

Agrofruta

Work highlights

  • Provided tax restructuring advice to the AME Group (national electricity generation market player).
  • Advised Colliers International on its corporate and tax restructuring, with a view to making it more tax efficient.
  • Advised the Ucuquer Group, one of the biggest agricultural enterprises in Chile’s central region, on the tax side to the implementation of a partnership and partial sale of agricultural assets.

Alessandri & Compañía Abogados

In July 2020, Alessandri & Compañía Abogados absorbed a three-partner tax department, comprising the former founding partners of Gorziglia Morales Cox Abogados, with the practice led by business reorganisation, tax optimisation and compliance specialist Franco Gorziglia; substantial back-up is provided by Francisco Morales Sierra and José Joaquín Cox. The group covers a diverse range of tax matters, including general advice, litigation and procedures before the tax authority; it also has extensive experience in internal and international taxation, application of double taxation conventions, and fiscal, municipal and customs taxes.

Practice head(s):

Franco Gorziglia

Key clients

Celulosa Arauco y Constitución

Orizon

Golden Omega

Isapre Masvida (en Reorganización)

Grupo Inmobiliario Krono

Corpesca

Fundación Hospital San Jose de Puerto

Varas

Viña Concha y Toro

Insigneo Financial Group

Inmobiliaria Peñablanca

Comercial Andean Dragon Trading

Prodalam

Work highlights

  • Acted for healthcare company Isapre Masvida in a tax lawsuit against the tax authority, which concerned the rejection of trial-related judicial costs.
  • Represented Orizon in tax lawsuits in the Court of Appeal and Supreme Court, which involved the collection by the tax authority of VAT and other taxes.
  • Represented Isapre Masvida (en Reorganización) in tax lawsuits before the Tax and Customs Courts, which involved the demand by the Chilean tax authority of a VAT-related payment.

Baker McKenzie Chile

The five-member team at Baker McKenzie Chile is headed up by Alberto Maturana, who has longstanding experience in international tax and tax planning work. The practice also fields sector specialists in technology, finance, pharmaceuticals and mining, while clients additionally benefit from the office's global network, from which it leverages cross-border expertise during complex, cross-border tax matters. Both 2019 joiners, the associates to note are Cristián Bonacic (tax litigation, administrative tax, corporate restructuring, and local and international taxation) and Catalina Galleguillos, who has energy, IT, real estate, financing and healthcare sector experience.

Practice head(s):

Alberto Maturana

Testimonials

They have a complete vision of the business, not only from a tax point of view, and this makes their advice very comprehensive.

The tax team has the distinction of being very sophisticated in its analysis, but also capable of guiding clients towards practical implementations of recommendations – they also maintain a relationship of mutual respect with Chile’s tax authorities.

Alberto Maturana has thorough knowledge of the tax legislation, and a lot of experience in its application.

Alberto Maturana is a lawyer whose analyses are very sophisticated.

Alberto Maturana is the lead partner and a great connoisseur of the law and jurisprudence – he provides a very good balance between what is possible and what is reasonable.

Bofill, Mir & Álvarez Jana

Bofill, Mir & Álvarez Jana's five-member tax team covers restructuring, planning, litigation, and transactional and international tax; the practice also acts in controversies with the Chilean IRS and before the tax courts. In 2020, the team additionally advised longstanding clients on emergency legislation (introduced as a result of the coronavirus pandemic). Specialising in finance and insurance sector-related tax issues, lead tax partner Guillermo Fonseca is highly regarded for cross-border operations, M&A matters and tax structuring; at senior associate level, Jorge Valenzuela is active in both litigious and transactional matters, while Paris Norambuena is experienced in transactional and regulatory work.

Practice head(s):

Guillermo Fonseca

Key clients

Mitsui

Work highlights

  • Assisted Fundación Educación y Cultura (special purpose not-for-profit organisation) with the tax side to receiving a selection of the country’s major higher education institutions from US-based educational group Laureate International Universities.
  • Assisted Mitsui’s Chilean affiliate with its dispute with the IRS, which concerned the reimbursement of  PPUA (payments per absorbed profits) credits.

Cariola Díez Pérez-Cotapos

Leveraging off the firm's substantial litigation and corporate practices, Cariola Díez Pérez-Cotapos' five-strong team fields 'extraordinary lawyers' who are highly active in tax disputes, including audit procedures; advising local and international clients on a daily basis; and assisting with the tax structuring of M&A and finance transactions. Recently appointed director of the International Fiscal Association's Chilean branch, Javier Cerón (a partner since 2018) heads the tax practice, which includes tax law associate María Paz De Carcer.

Practice head(s):

Javier Cerón

Testimonials

Cariola is a Class A firm in Chile.

Javier Cerón’s day-to-day support for the business is essential; he and his team are extraordinary lawyers and we are very happy to work with them.

Javier Cerón makes the difference.

Key clients

Disney

IBM

Ripley

Inmobiliaria Fundamenta

DNB Group

Coca-Cola

Banmédica

Pontificia Universidad Católica de Chile

Automatic Data Processing

Rio Tinto

Work highlights

  • Advised Chilean listed corporation Soprole Inversiones on the tax aspects of a proposed merger with Sociedad Procesadora de Leche del Sur.
  • Advised Pontificia Universidad Catolica on the tax aspects of the transfer of the Museo de Artes Visuales and its collection.

Dentons Larrain Rencoret

Fielding a five-member team, Dentons Larrain Rencoret handles the full range of tax work, including day-to-day tax advisory and planning, transaction structuring, and litigation matters, and advises a broad selection of clients from the energy, retail, export, finance and real estate sectors. The practice co-heads are Juan Pablo Orellana, who focuses on personal and corporate tax planning, local and international tax consulting, and M&A deals; and experienced partners Karen Kulka and Francisco Hurtado, who both advise domestic and foreign clients on tax matters. Michel Aguilera is an experienced senior associate.

Practice head(s):

Karen Kulka; Juan Pablo Orellana; Francisco Hurtado

Testimonials

Client focus and availability with deep knowledge.

The difference from other firms is the expert attention to clients.

Very client oriented and efficient in their use of resources – and always with optimal results.

Juan Pablo Orellana is a very positive, differentiating feature for our company –  24/7 availability and they make us feel that our multiple needs are being served very efficiently.

Key clients

SMU

Sigdo Koopers

OK Market

Mall Vivo

Banco de Crédito e Inversiones

Importadora USA

Anasac Group

Willis Tower Watson

Rio King

Copesa

Work highlights

  • Assisted Banco de Crédito e Inversiones with the tax aspects of three wind projects.
  • Defended a retail supermarket in tax litigation.
  • Advised Constructora Queiroz Galvao on a VAT tax refund, which related to a hydroelectric plant’s construction.

DLA Piper Chile

The three-member team at DLA Piper Chile assists with the implementation of tax strategies for diverse investment projects, and advises companies and individuals on the daily development of their businesses; it also assists with the resolution of tax-related conflicts, and provides tax support during M&A transactions and project financings. Additionally of note, the group advises on the tax side to infrastructure and digital services matters. Experienced in advising on a broad spectrum of tax matters, Rodrigo Álvarez leads the tax group, which includes key senior associate German Vargas. Since publication, the team has been further strengthened with the addition of Amory Heine, formerly of Rojas & Cía, in November 2021; she handles corporate and individual tax planning, and transactional and business structuring, along with audits and litigation before the IRS and tax courts.

Practice head(s):

Rodrigo Álvarez

Testimonials

We had a very good experience with the firm.

They give us a lot of security – we are on solid ground with them.

More experience in venture capital than other firms we have worked with.

They have a pragmatic approach that contributes a great deal during complex negotiations, particularly where excessively theoretical professionals identify more problems than solutions.

Rodrigo Álvarez is great for his focus on the big decisions.

Senior associate German Vargas is very good during negotiations with counterparts and for strategy execution.

Key clients

Oaktree Capital Management

Uber Chile

Cornershop

Work highlights

  • Advised Oaktree Capital Management on tax matters arising from the debtor-in-possession financing of LATAM Airlines Group.
  • Provided legal tax advice (as joint counsel to Uber and Cornershop) on the acquisition of majority ownership in Cornershop by Uber.
  • Assists Uber Chile (on an ongoing basis) with tax matters.

Grasty Quintana Majlis & Cia.

The five-member department at Grasty Quintana Majlis & Cia. predominantly focuses on legal tax compliance matters (including representation before the Chilean IRS during tax auditing procedures), VAT consultancy, and tax assistance with inheritance, international taxation, corporate income and individual taxation. The practice is also active on the transactional side, particularly in relation to the structuring of M&A transactions. Heading the tax group, Mónica Justiniano ('has the best approach to finding solutions') is experienced in tax compliance and planning, corporate reorganisations, and commercial and corporate law. The associate to note is Felipe Errázuriz.

Practice head(s):

Mónica Justiniano

Testimonials

Their knowledge and experience in the tax world make this a team of excellence.

They always know more than the counterpart and end up proposing solutions that even the counterpart ends up adopting for its business.

They are oriented towards closing deals without neglecting any detail that might harm their client.

The tax team is very diligent and knowledgeable.

Rigorous analysis, knowledge of the regulations, and clarity when explaining the subject to the client.

Mónica Justiniano has a lot of knowledge in tax matters, creative in business structuring, and always has the best approach to finding solutions.

Mónica Justiniano has the patience to explain and resolve issues, even when complex.

Key clients

Mar Adentro, Family Office of the Hurtado Berger Family

Jara Del Favero Abogados

Jara del Favero Abogados reverted to its former independent status in early 2020, following the unwinding of the 2018 Jara Del Favero & Ried Fabres Abogados tie-up. The five-member team focuses on assisting companies and individuals with the planning and reorganisation of different groups of companies. Examples of work include analysing potential tax contingencies and planning, along with defending clients before the tax authorities and courts. Tax leader Rafael Valdivieso has longstanding experience in tax reorganisation and structuring procedures, and key associate Martín Hudson is a late 2019 arrival from Barros & Errázuriz.

Practice head(s):

Rafael Valdivieso

Key clients

FG Inmobiliaria

Emaresa

Familia Menjibar y Fontaine

Antofagasta Minerals

Exportadora El Parque

Comsulting

Grupo Lamosa

Curifor

Olivares de Quepu

Familia Gonzalez Palacios

Familia Gaedechens

LMS Chile

Larrain Vial

Inversiones G&G

Agrícola Alaya

Hoteles Director

A4 Arquitectos

Nabih Chadud

Scala Higher Education

Jorge Escobar y Familia

Inversiones Carahue

Familia Arnaboldi

Inversiones Panquehue Asesorías e Inversiones Dogar

Inversiones Trifolium

Work highlights

  • Advised Larraín Vial on the tax side of an investment fund’s entry into an online pharmacy business in Europe.
  • Assisted Inversiones G&G/Familia Diaz with the reorganisation of its different companies in Chile.
  • Assisted Olivares de Quepu with the reorganisation and merger of producing and exporting companies, within the framework of a business reorganisation procedure.

Larrain y Asociados Abogados

Housing a 'remarkable' four-strong team, Larrain y Asociados Abogados has longstanding experience in providing tax consultancy and tax litigation services, including advising on the framework of audits conducted by the Chilean Tax and Customs Authorities. On the advisory side, the group has broad experience in the structuring of clients' businesses, in relation to income tax, VAT and withholding tax issues. Former vice-president of the Chilean Institute of Tax Law, Víctor Manuel Avilés heads the practice, which includes key associates Gonzalo Guerra  ('excellent job'), Manuel Larrain and Teresita Vinagre.

Practice head(s):

Víctor Manuel Avilés

Testimonials

What makes this firm remarkable is that the breadth and knowledge of its lawyers is outstanding.

Associate Gonzalo Guerra did an excellent job and was able to resolve issues with clients and operational partners of our firm. He was very hands-on, always available, and ready to help beyond what was agreed.

Work highlights

  • Assists BHP with customs matters surrounding the operations of BHP’s subsidiaries in Chile (Minera Escondida, Compañía Minera Cerro Colorado, and Spence).
  • Assisted CHL Asset Management with an audit process and administrative claim against the Chilean Tax Authority, which concerns an income tax contingency.
  • Advised large retail company La Polar on the reorganisation and simplification of its corporate structure, which included reorganising inactive subsidiaries and a stock option plan structure for company executives.

Letonja Abogados Tributarios

Launched in 2017, tax law boutique Letonja Abogados Tributarios fields both lawyers and chartered accountants who advise on a diverse range of tax matters, ranging from day-to-day tax issues, reorganisations, and estate and tax planning. The firm also has a robust tax litigation practice, which regularly acts for clients from the energy, telecoms, ports, construction products, engineering and media sectors. The principal advisers are experienced name partners Alexander Letonja (tax consulting, corporate reorganisations and tax litigation) and Kristofer Letonja, who is experienced in tax planning and defence matters.

PAGBAM Schwencke Chile

Housing lawyers, auditors and accountants with extensive tax experience, PAGBAM Schwencke Chile advises national and international companies on the tax aspects of project finance, investments and M&A. It also assists with tax restructuring, litigation, planning and compliance, and is particularly noted for the tax issues surrounding private equity and wealth management. Heading the department is Bárbara Neyra (a partner since April 2020 who has broad tax experience), the former tax leader at Aninat Schwencke, which dissolved in early 2020 and resulted in Schwencke & Cía before its November 2020 tie-up with Argentine law firm Pérez Alati, Grondona, Benites & Arntsen.

Practice head(s):

Bárbara Neyra

Key clients

Tivit Chile

WPP Group

Hill Knowlton Strategies

J Walter Thompson Chilena

Work highlights

  • Advised Hill Knowlton Strategies on the reorganisation of group investments in Chile.
  • Advised WPP Group on its tax regime election.
  • Advised WPP Group on a substitutive tax matter.

PTL | Prieto Tax & Legal

Tax boutique firm PTL | Prieto Tax & Legal was founded in January 2020 by national and international tax law expert José Miguel Prieto Correa, a former senior associate and tax group leader at Guerrero Olivos; he was joined by partner María José López (foreign investment, international exchange issues, tax structuring and repatriation), a former senior manager at Deloitte Legal Chile (where Prieto Correa also worked until 2013). The multidisciplinary team fields experts in local and offshore tax planning, business structuring, foreign investment, international reorganisations, M&A-related tax aspects, compliance, due diligence, representation involving the  tax authorities, and tax litigation. Experienced associate José Tomás Adriasola has both corporate and tax aspects to his practice; he also handles contentious matters, particularly in administrative instances (incuding tax disputes), but also regarding civil and commercial matters.

Practice head(s):

José Miguel Prieto Correa

Testimonials

Very personalised work from specialised lawyers.

High standards in relation to the ethical, legal, commercial, and even professional, implications of their advice.

They are particularly efficient in developing viable strategies.

Very good teamwork.

Knowledge, commitment and good service.

We have had very good experiences with the firm in relation to its charges – it focuses on serving clients, so there’s more flexibility.

José Miguel Prieto Correa is a person who is aware of what is happening, and with whom you can talk to so as to resolve each problem.

Great work by associate José Tomás Adriasola, who is very thorough.

Key clients

Tricon

Invercine Wood

Biosur

Chilerad

Energuías

NGU

AirnCar

DoubleBlue Capital Management

Valoriza

BNR Family Office

Monte Arrayán

L’Oeil du Vert

Ontier

Comercial Chacao

Grupo B

Grupo Torina

Fitalia

Fragomen

Work highlights

  • Acted for Torina Group in a successful VAT reimbursement request before the Chilean IRS.
  • Advised AirnCar, a digital start-up, on the legal tax structure surrounding the virtual rental car marketplace.
  • Assisted Fragomen with tax matters.

Puente Sur

The nine-member team at full-service tax and accounting firm Puente Sur has extensive experience in advising clients from the energy, fintech  and education sectors. It was recently particularly active in representing clients before the IRS in VAT recovery work; advising on acquisition structures for new investments; and navigating new digital economy regulatory measures. Specialising in corporate tax, M&A transactions’ VAT structuring, audit procedures and transfer pricing litigation, ‘very up-to-date‘ tax head Ignacio Gepp (partner since January 2020) has over ten years’ experience in tax work.

Practice head(s):

Ignacio Gepp

Testimonials

Their professionals are very up to date on legal matters.

Great ability to adapt.

Ignacio Gepp is always very up to date on the latest pronouncements from the tax authority, and he has a wide network of contacts.

The leadership of Ignacio Gepp is outstanding.

Ignacio Gepp is smart, efficient and motivates his people.

Key clients

Stanford University

Pedidos Ya (Delivery Hero)

Campbell Global

Corrosion

Hitachi Data Systems

Eurus Energy

EdgeConnex

Airbnb

Ebanx

Solek Group