EN 
ES 
Dear Participants,
We would like to let you know that due to the dividend payment that will be informed and subjected to voting in the Banco de Chile's General Shareholders' Meeting, called for Thursday, March 17, 2022, at 10:00 a.m., with a payment date proposed for March 31, 2022, a procedure to pay the Substitutive Tax for Final Taxes (ISFUT) will be made available for those shareholders that wish to make use of it, for the profits that qualify to be subject to such regime with a 30% rate. The payment of the ISFUT allows considering the payment of the supplementary or additional global tax as completed, as appropriate. The above, according to the considerations in provisional article 25 of Law 21210 and the instructions provided by the Internal Revenue Service (SII), specifically those contained in Circulars 43 of 2020 and 39 of 2021 and Official Letters 215 of 2021 and 2762 of 2021.
For such purposes and subject to the condition that Banco de Chile's General Shareholders' Meeting approves the distribution of dividends, we would like to inform the following:
- According to the instructions of SII, those shareholders whose shares are registered at the record date, this is March 25, 2022, may choose to support the ISFUT with a 30% rate on a part or the entire dividend qualified to be subject to this regime, with a deduction as a credit of the first category tax that affected such profits. For this, Banco de Chile has set an Effective Rate of the FUT (ERF) of 26.95890%.
- Due to the above, shareholders, individually, may instruct Banco de Chile through the attached form to deduct the corresponding amount of the dividend to be distributed and to use it to pay the ISFUT on the total or part of the shares registered under their name by midnight (Santiago de Chile time) on March 25, 2022, this is five business days before the dividend payment on March 31, 2022.
- The option provided this time to shareholders is to be used individually and will allow those that instruct it, within the corresponding term and formalities, to use a part or all their dividends for this tax (corresponding to the dividend per share multiplied by the number of shares that the shareholder reports in their instructions) not generating with it any financial or tax effects for the Bank or for the shareholders that do not wish to be subject to the ISFUT. The payment of the ISFUT charged to dividends allows considering the payment of the supplementary or additional global tax as completed, as appropriate.
- Those shareholders that are entitled to receive dividends and that wish to use this option must submit the "PAYMENT INSTRUCTIONS FOR THE SUBSTITUTIVE TAX FOR FINAL TAXES (ISFUT) FORM" by March 29, 2022, at 1:00 p.m. (Santiago de Chile time) to the following email addresses:
This email address is being protected from spambots. You need JavaScript enabled to view it. andThis email address is being protected from spambots. You need JavaScript enabled to view it. .
Notwithstanding the above, the instructions may also be submitted in hard copies by the same date mentioned above to the Shareholders' Relations Department located in Agustinas 975, office 541, Santiago, and outside of Santiago in the branch offices of Banco de Chile.
We reiterate that all forms will be received until March 29, 2022, at 1:00 p.m. (Santiago de Chile time). After that date, it will be assumed that the shareholders that have not sent the instructions form have chosen to keep their dividends under the general tax regime applicable to that income.
- Those shareholders who keep their shares in custody at a brokerage firm or a custodian bank must request them to submit the "PAYMENT INSTRUCTIONS FOR THE SUBSTITUTIVE TAX FOR FINAL TAXES (ISFUT) FORM." The instructions for each custodian or brokerage firm must be subject to the terms and conditions established by those companies.
- Those shareholders who decide not to instruct Banco de Chile to pay the ISFUT will receive the total amount of the dividends agreed in the Shareholders' Meeting. These dividends will be subject to the general tax rules applicable to this type of income. The same will apply to those shareholders that have not communicated formally and on time their decision to pay or not to pay the ISFUT.
- In all cases, dividends without deductions (for shareholders that did not choose the ISFUT) or the dividend deducted for the payment of the ISFUT (for those shareholders that chose it) will be paid to all the shareholders on the same date; this is on March 31, 2022.
Payment Instructions for the Substitutive Tax for Final Taxes (ISFUT) Form.
Information on the Substitutive Tax for Final Taxes ("ISFUT")
for the accumulated profits in the Banco de Chile taxable profits fund.
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.
