Profits in legal entities: Comment to the judgment of the Supreme Court excellency, in re: Foundation solidarity with internal revenue service, rol no. 991-2015

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Abstract

This paper reviews a Supreme Court's judgment regarding the current notion of profit in legal entities, specifically in case of a public nonprofit organization. Based on the tax assessment rule of Article 35 of the Income Tax Law, this paper criticizes the Court's reasoning that earnings obtained by this kind of entity in the development its business activity do not qualify as revenue based on the fact they are exclusively destined to charitable purposes.

Translated title of the contributionProfits in legal entities: Comment to the judgment of the Supreme Court excellency, in re: Foundation solidarity with internal revenue service, rol no. 991-2015
Original languageSpanish
Pages (from-to)305-316
Number of pages12
JournalRevista Chilena de Derecho
Volume44
Issue number1
DOIs
StatePublished - 2017

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