Branches of foreign corporations operating in Chile are taxed on their worldwide income, subject to the FCT at the corresponding tax rate that varies depending on the income tax system to which the branch is subject to. If the branch is subject to the AIS, the FCT rate is 25%. If the branch is subject to the PIS, it is subject to an FCT rate of 27%.
When attributing, distributing, remitting, or withdrawing amounts to abroad, the 35% WHT will levy such transaction. The FCT is creditable against the WHT according to the AIS or PIS rules, respectively.