EN 
ES 
WE WISH TO INFORM SHAREHOLDERS AND PARTICIPANTS ABOUT THE SUBSTITUTIVE TAX FOR FINAL TAXES (ISFUT) PAYMENT OPTION AND THE INSTRUCTIONS THAT MAY BE EXERCISED BY THE SHAREHOLDERS OF CERVECERÍAS UNIDAS S.A DUE TO THE EVENTUAL DIVIDEND PAYMENT AGREED IN THE EXTRAORDINARY SHAREHOLDERS’ MEETING THAT TOOK PLACE ON NOVEMBER 24, 2021.:
1.- According to the instructions from SII (IRS), shareholders can choose to pay the ISFUT with a 30% rate on a part of or the entire balance of the accrued taxable income generated until December 31, 2016; that CCU as a taxpayer subject to the first category tax determined based on full accounting records, keeps at the end of the business year of 2020 or 2021, with a deduction as credit of the corresponding first category tax. Based on the above, after allocating such credits, it is informed that the effective rate on the amount subject to the ISFUT regime in the case of CCU shareholders is 12.5568%.
2.- The payment of the ISFUT allows to consider the payment of the supplementary or additional global tax as completed, as appropriate and may be distributed by CCU, giving preference to other revenue and without being subject to the general orders of allocations considered in the Tax Income Law.
3.- Due to the above, regarding the payment of the Eventual Dividend agreed to be distributed in the Meeting, and after the cut-off date for its payment and as a way to provide certainty to the exercise of this option according to the instructions of SII, the Shareholders may instruct the Corporation to pay the ISFUT for the entire or part of their corresponding Eventual Dividend, according to the number of shares under their name by midnight of November 27, 2021.
4.- Those shareholders that decide not to pay the ISFUT will receive the entire Eventual Dividend agreed in the Meeting, and these dividends will be subject to the general tax rules applicable to these types of income (according to article 14 A No. 4 of the Income Tax Law and Circular No. 73 of 2020, of SII.) The same will apply to those shareholders that have not communicated on time their decision to pay or not to pay the ISFUT to the Corporation.
5.- The Shareholders that instruct CCU to pay the ISFUT for all or part of the shares under their name by midnight of November 27 of this year will authorize that a 12,5568% of the amount of the Eventual Dividend that belongs to them in account for those shares is used by CCU to pay for the ISFUT. In this way, these shareholders will be in charge of the payment of the corresponding amount of that tax.
6.- Since up to date, there have not been any requests made by shareholders to exercise this option, we would like to remind the above-mentioned shareholders that wish to exercise this option that they must send the “Payment Instructions for the Substitutive Tax for Final Taxes (ISFUT)” form to the Corporation. For good administrative purposes, we would like to remind you to do so by midnight on November 30, 2021. After that date, we will assume that those shareholders that have not sent those instructions have chosen to keep their corresponding Eventual Dividend under the general tax regimen applicable to that income.
7.- Due to the above, these instructions must be completed according to the attached instructions and sent to the following email address:
Formulario de Instrucciones para opción de pago de ISFUT de
Compañía Cervecerías Unidas S.A. disponible para descargar
This Newsletter is for information purposes only, and any decisions are the sole responsibility of the shareholders.
For more information, please contact
the Shareholders Service Department.
