Chile’s Tax Administration (SII) has issued Resolution Ex. SII 133-2024 on 26 December 2024, establishing the updated daily interest rate for late tax payments in accordance with the Tax Compliance Law (Law No. 21.713).
As per this resolution, the daily late interest payment is set at 0.0254444444%, which is applicable from 1 January 2025 to 30 June 2025.
This calculation is based on a base interest rate of 4.62% plus an additional 3.5%, divided by 360.
Previously, the late payment penalty was revised from a fixed 1.5% monthly charge to a daily calculation based on the market interest rate plus 3.5%.
