EN 
ES 
Dear Participants,
We would like to inform you that Empresa Nacional de Telecomunicaciones S.A. (ENTEL) will pay an eventual dividend on November 3, for which we have made available, for those shareholders that wish to make use of it, a procedure to pay the Substitutive Tax for Final Taxes (this is, a global, supplementary or additional global tax for the accumulated profits in the Taxable Profits Funds (“ISFUT”) considered in provisional Article 25 of Law 21 210 and the instructions provided by the Internal Revenue Service (SII).
In accordance with provisional Article 25 of Law 21 210 and the instructions of the Internal Revenue Service, the taxpayers subject to the first category tax determined based on full accounting records, that maintain at the end of fiscal years 2020 or 2021 a balance of accumulated taxable profits generated until December 31, 2016, may choose to pay the ISFUT with a 30% rate, on a part of or the entire balance, with a deduction as credit of the corresponding first category tax. Based on the preceding, after the deduction of such credits, it is informed that the effective rate on the amount subject to the ISFUT regime in the case of ENTEL is 12.39%.
The payment of the ISFUT, based on the preceding, allows considering the payment of the supplementary or additional global tax as completed, as appropriate and may be distributed by ENTEL, giving preference to other profits and without being subject to the general orders of allocations considered in the Income Tax Law.
Those shareholders that hold their shares in custody at a brokerage firm must request for it to send them an ISFUT Option Form to the email addresses provided in Item 9 of the mentioned form.
This Newsletter is for information purposes only, and the decision to choose this option or not is the sole responsibility of the shareholders.
Download the ENTEL ISFUT form with the corresponding instructions
For more information, please contact
the Shareholders Service Department.
