On 19 March 2020, the President, Sebastián Piñera, announced tax measures due to the economic impact of the global Covid-19 pandemic. The tax measures include:
- The monthly provisional payments of corporate income tax is to be suspended for the next 3 months.
- Postponement of VAT payment for the next 3 months for all companies with sales below UF 350,000, making it possible to pay in 6 or 12 monthly installments at zero real interest rate, depending on their size.
- Postponement until July 2020 of the payment of income tax for SMEs according to what they declare in the income operation of next April. SME companies will receive their refund in April.
- Postponement of April tax payments for companies with sales below 350,000 UF and for people with properties with a tax assessment of less than $ 133 million. The deferred contribution will be paid in three installments, together with the following three contribution installments, applying a real interest rate of 0%.
