Chile's Internal Revenue Service (SII) has issued Resolution No. 28 of 6 March 2025, which establishes a new procedure for taxpayers to request advance pricing agreements (APAs). Resolution No. 28 replaces previous resolutions issued in 2013 and 2022, updating the procedure in accordance with recent changes introduced by the Law on Compliance with Tax Obligations (Law No. 21.713). As previously reported, this includes the introduction of certain international best practices, including the possibility of prior consultations for an APA (i.e., prefiling meetings) and the introduction of an APA roll-back provision, allowing the application of an APA for up to 3...