Jorge Quiroz

Chile’s Congress approved most changes to President José Antonio Kast’s tax and economic overhaul package, aiming to stimulate growth amid a shrinking economy and rising unemployment. The legislation includes corporate tax cuts, exemptions for new homes, and measures to support private sector investment, with a final legislative hurdle remaining.

Chile's Congress approved nearly all provisions of President José Antonio Kast's tax and economic overhaul package, aiming to stimulate growth through corporate tax cuts, housing VAT exemptions, and private sector incentives. The legislation faces opposition criticism for favoring corporations and wealthy citizens, with one remaining issue pending resolution.

Chile's Congress approved most of President José Antonio Kast's economic overhaul, including corporate tax cuts and measures to stimulate growth, with one remaining legislative adjustment pending. The bill aims to boost private sector activity and reduce the fiscal deficit but faces opposition claims of favoring wealthy citizens.

Chile's Congress approved most of President José Antonio Kast's economic and tax reform, including tax cuts for large companies and IVA exemptions for new homes, but a compensation policy for municipalities related to elderly exemptions remains unresolved in a mixed commission. The reform aims to boost economic development through investment incentives and employment generation.

Foreign investors are purchasing Chile’s local-currency government debt at a record pace, with the Chilean 10-year government bond yielding 5.6% in June 2026, down from a year earlier. The Kast era began as Finance Minister Jorge Quiroz addressed economic developments.