Chile’s Tax Administration (Servicio de Impuestos Internos, SII) has launched a public consultation regarding a Draft Circular which proposes various amendments to the luxury goods tax.
It outlines provisions regarding tax law amendments, clarifies the taxable event and subjects (including helicopters, yachts, airplanes, and cars), and specifies a 2% tax rate on the yearly market value of luxury goods.
The consultation is open for comments until 12 November 2024.
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