Modifications to the tax treatment of life insurance
On February 4th, 2022, Law 21,420 was published and modified Law 16,271 on Tax on Inheritance, Assignments and Donations, and eliminated the exemption that Article 20 contained regarding life insurance, consequently taxing the indemnities that the beneficiaries could receive at the time of the death of the insured. Article 17 expressly states that the sums […]