"Article 1-Introducense the following changes to the income tax Act, contained in Decree Law No. 824, 1974: 1-Agreganse the following subparagraphs to the number 4 ° of article 31:"the instructions of a general nature that impart by virtue of the preceding paragraph, shall also apply to the referrals of risky loans that banks and finance companies to their debtors " in the part in which they are related to the provisions constituted in accordance with the regulation on classification of loan portfolio established by the Superintendency of banks and financial institutions.
General rules handed down shall contain at least the following conditions: a) that in the case of loans classified in the two latest risk categories established for the classification of portfolio, and b) the credit in question has remained in one of the categories listed at least for the period of a year, since the Superintendent has spoken about it.
In this issue shall apply also to credit a financial institution purchased another, provided that the above conditions are met. "."
2. replace article 37, by the following: "article 37.-in the case of banks that are not made in quality of Chilean society, and without prejudice to the provisions of article 38, the Regional Bureau may reject as expenditure required to produce the income excess determined by the amounts paid or owed to its parent interest" commissions and any other payment that it comes from financial operations when the amounts of these amounts are unrelated to which are usually charged in similar situations, according to the background provided by the Central Bank of Chile and the Superintendency of banks and financial institutions at the request of the respective Regional Director."
3. in no. 2 of article 59, intercalanse following second and third subparagraphs passing the current subsection second to constitute the final paragraph: "also will be exempt from this tax sums paid, in the case of goods and services exportable, advertising and promotion, market analysis, by scientific and technological research, and by consulting and legal defenses with administrative authorities arbitration or jurisdiction of the respective country. For this exemption appropriate designated services they must keep strict relationship with the export of goods and services produced in the country and corresponding payments must be charged to the currencies of free availability authorizing exporters, freed from the obligation of return according to the relevant regulations, the Central Bank of Chile or currency acquired in the formal foreign exchange market whose access has been authorized by the issuing Institute.
In the event that designated payments made them professional associations representing exporters will suffice, so that appropriate exemption, that such payments are carried out with badges of free availability referred to in the preceding paragraph, provided by the members of such entities or foreign exchange acquired in the formal foreign exchange market by the Association, access to which in turn has been authorized by the Central Bank of Chile. "."