https://blog.novatax.cl/en/tags/tax-losses/Recent content in Tax losses on NovaTax BlogHugoen-usThu, 10 Sep 2026 00:00:00 +0000https://blog.novatax.cl/en/remanente-credito-perdidas/Thu, 10 Sep 2026 00:00:00 +0000https://blog.novatax.cl/en/remanente-credito-perdidas/<p>The <a href="https://blog.novatax.cl/en/ley-id-chile/">R&amp;D Law</a> credit equals 35% of certified spending and is offset against First Category (corporate) Tax. But what happens if the company doesn&rsquo;t owe enough tax to offset it against? You&rsquo;re left with <strong>unused credit</strong> (<em>remanente</em>).</p> <h2 id="when-unused-credit-arises">When unused credit arises</h2> <p>According to SII Circular No. 19, there&rsquo;s unused credit when First Category Tax <strong>doesn&rsquo;t exist or is smaller than the credit</strong>. That can happen because:</p> <ul> <li>The company has a <strong>tax loss</strong> that year.</li> <li>The company is <strong>exempt</strong> from First Category Tax in that year.</li> <li>The tax has already been covered by <strong>other credits</strong> the law allows to be applied before the R&amp;D credit.</li> </ul> <h2 id="what-happens-to-unused-credit">What happens to unused credit</h2> <p>The rule has two parts:</p>