Chile’s SII No. 38-2026 introduces new codes in Form 29 to improve VAT reporting for intermediaries. The changes require separate declaration of settlement invoices and VAT for third-party transactions, effective from the July 2026 tax period.
Chile’s Tax Administration, Servicio de Impuestos Internos (SII), has issued Resolution Ex. SII No. 38-2026 of 9 March 2026, introducing changes to the monthly VAT return (Form No. 29) for taxpayers acting as intermediaries. The amendments add new reporting requirements for commission agents, consignees and other parties issuing billing invoices (liquidaciones-facturas) on behalf of third parties.
The SII identified inconsistencies in how intermediaries reported VAT debits for transactions carried out for third parties alongside their own fees. These discrepancies created mismatches with the Purchase and Sales Registry (RCV) and limited the traceability of transactions. To address this, the updated rules require intermediaries to separately declare the number of documents issued and the output VAT linked to third-party sales or services.
As part of the revision, a new Line 18 has been added under the “Debits and Sales and/or Services Provided” section of Form No. 29. This line includes two new codes: one to report the total number of settlement invoices issued during the tax period, and another to report the corresponding VAT amounts (fiscal debit) related to those third-party operations.
The SII clarified that commissions charged by intermediaries through standard invoices must continue to be reported under existing codes 502 and 503 of Form No. 29. In addition, while intermediaries are required to report the relevant figures, the VAT liability on the underlying transactions remains with the principal.
The new reporting requirements will apply from the July 2026 tax period, with the first declarations due from 1 August 2026.
