When a foreign company wants to grant a loan to her foreign
branch in Chile there are a couple of things she has to have in
mind.
First, a loan agreement has to be informed to the Chilean
Central Bank when the money arrives. It is important to inform the
loan to avoid to be seen as a covered distribution of profit when
they start to service the loan.
Second, loans are subject to the "impuesto de timbres y
estampillas" (stamp tax). In general, the stamp tax is a tax
levied upon credit transactions contained in documents . Usually,
the stamp tax is levied when the loan agreement is signed. As an
exemption, credits coming from abroad do not need to be contained
in a document to be levied by such tax. In these cases, where no
document states the credits agreements that are the source of the
money coming from abroad, the tax is levied when the loan enters
the country or is registered in the account books in Chile .In case
the loan agreement refers to a credit being
