According to tax audit strategy of Chile, the Internal Revenue Service (IRS) has improved its formal requirements for Chilean taxpayers. On 24th December 2015, the IRS established an obligation to submit an affidavit F.1913 (Annual Return of Global Tax Characterization) through Resolution No. 110. Additionally, supplement to the Income Tax returns for 2016 (includes additional specifications) has been published by the Chilean IRS on 31st December 2015. The new affidavit provides qualitative information on processes or transactions that are relevant for purposes of characterizing large taxpayers. Some of the information is intended to carry transparency with respect to the activities of economic groups in different jurisdictions, by raising specific questions about corporate and tax reorganizations and complex financial transactions, among others. On 27th January 2016, Chile signed an exchange information agreement with 34 countries to share the Country-by-Country Report.
UK: Regulations on Country by Country Reporting
Related Posts
Chile: SII issues guidance on deductibility of payments to shareholder-employees
Chile’s tax authority (SII) recently published Ruling No. 146-2026 of 21 January 2026, clarifying the tax treatment of various expenses incurred in relation to shareholder-employees who receive remuneration from their companies. The Ruling
Read More
Chile: SII introduces VAT withholding system for non-resident sellers, digital platforms
Chile’s tax administration (SII) has published Resolution Ex. SII No. 05-2026 of 14 January 2026 on its website, outlining the tax administration’s VAT withholding system for non-resident sellers and digital platforms that have not registered
Read More
Chile: SII updates 2026 tax brackets, inflation adjustments
Chile’s tax authority (SII) has updated the annual global complementary tax brackets for the 2026 tax year. These adjustments are based on the December 2025 annual tax unit (UTA) value of CLP 834,504. These changes are formalised under Circular
Read More
Chile: SII grants relief for taxpayers affected by Ñuble, Biobío wildfires
The Chilean Tax Administration (Servicio de Impuestos Internos, SII) has announced an automatic remission of interest and fines for taxpayers impacted by the recent wildfires in the Ñuble and Biobío regions. The relief applies to late filings
Read More
Chile: SII publishes 2026 luxury tax list
Chile’s Internal Revenue Service (SII) has issued Resolution No. 194, detailing the assets and market values for the 2026 luxury tax. The 2% annual tax applies to high-value items owned by individuals or companies in Chile. Asset Type Tax
Read More
Chile: SII announces daily interest on overdue taxes for January – June 2026
Chile’s Internal Revenue Service (SII) issued Resolution No. 205 on 30 December 2025, setting the daily interest rate for late tax payments for the first half of 2026 (January - June 2026). Under Law No. 21.713, the late payment penalty changed
Read More