The legalities for running a business in Chile are similar to those of other Latin American countries. However, there are a few differences concerning taxes, documentation, and licensing that are important to note in your research of Chilean business practices. Tax Rates Chile has four main taxes: Value Added Tax (VAT), Stamp tax, Customs duties, and corporate and personal income taxes. Other tax rates and rules are listed below: The Corporate income tax rate is 20% on worldwide income and capital gains There…