EN 
ES 
Dear Participants,
We would like to inform the shareholders of SOCOVESA S.A. (hereinafter, "SOCOVESA" or the "Corporation") that due to final dividend distribution No. 35 (the "Dividend") approved in the Corporation's Annual General Shareholders' Meeting held on April 14, 2022 (the "Shareholders' Meeting") and to which those shareholders registered in the corresponding register by midnight of the fifth day before May 11, 2022 (the payment date agreed in the Shareholders' Meeting) are entitled; the Corporation will make available to 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"), according to the instructions provided by the Internal Revenue Service ("SII"), specifically, those contained Official Letter 2762 of October 13, 2021 ("Official Letter 2762") of SII.
Considering the above, we wish to inform the following:
- According to Official Letter 2762, 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 SOCOVESA 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. Considering the above, it is informed that after deducting such credits, the applicable effective rate for the ISFUT in the case of SOCOVESA S.A is 11.6411%.
- The payment of the ISFUT allows considering the payment of the supplementary or additional global tax as completed, as appropriate. It may be distributed by SOCOVESA, giving preference to other revenue and without being subject to the general orders of allocation considered in the Tax Income Law.
- Those shareholders that decide not to pay the ISFUT will receive the entire Dividend agreed upon in the Annual General Shareholders' Meeting. The corresponding income 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.
- The Shareholders that instruct SOCOVESA to pay the ISFUT for all or part of the shares under their name by midnight of the fifth day before May 11, 2022, will authorize that 11.6411% of the amount of the Dividend that belongs to them in account for those shares is used by SOCOVESA to pay for the ISFUT. In this way, these shareholders will be in charge of the payment of the corresponding amount of that tax.
- For good administrative purposes, we would like to remind you to do so by noon on April 22, 2022, through the "Payment Instructions for the Substitutive Tax for Final Taxes (ISFUT)" form of SOCOVESA. After that date, it will be assumed that those shareholders that have not sent those instructions have chosen to keep their corresponding Dividend under the general tax regimen applicable to that income.
- Due to the above, these instructions must be completed according to the attached instructions and sent to the following email address:
This email address is being protected from spambots. You need JavaScript enabled to view it. with a copy to:This email address is being protected from spambots. You need JavaScript enabled to view it. .
This information and the mentioned instructions have been published on SOCOVESA's (www.socovesa.cl) website and DCV Registros' website (www.dcv.cl) in the "Newsletter" section under the "News Center" menu.
Form for the ISFUT payment
option of SOCOVESA S.A.
Carta informativa para opción
de pago de ISFUT de SOCOVESA S.A.
The information provided in this document has been outlined based on provisional article 25 of Law 21 210 and the information contained in Circulars 43/2020 and 39/2021 and Official Letters 215/2021 and 2762/2021 (this as indicated before) from the Internal Revenue Service - SII.
Although this information has been published as useful information, SOCOVESA does not issue any opinion on the convenience of choosing a specific tax treatment for the issues addressed in this document. It is not responsible for the decisions shareholders may make in those regards. Under no circumstance may this document be understood as tax, financial, accounting, legal, or other advice.
The Corporation recommends its shareholders to check their tax and legal situation before making any decisions regarding the issues addressed in this document and encourages them to obtain independent advice to make an informed decision.
For more information, please contact
the Shareholders Service Department.
