Chile's new debt relief framework allows taxpayers to settle tax arrears with graduated forgiveness rates on interest and penalties, scaled according to the age of the outstanding debt.
Chile has initiated a coordinated debt relief initiative, effective as of 18 June 2026, to encourage taxpayers to settle outstanding tax obligations. The programme, which operates under Article 207 of the Tax Code, represents a joint effort by the Internal Revenue Service (SII) and the General Treasury of the Republic (TGR) to create a pathway for those in arrears while promoting compliance.
Graduated waiver structure
The scheme applies progressively higher forgiveness rates depending on how long a debt has remained unpaid. For transaction ages between one and three months, taxpayers receive a 75% waiver on incremental interest and 70% on fines.
According to the regulations published in the Official Gazette, as stipulated in Article 207 of the Tax Code, the waiver will be applied to the increase in interest above the 3.5% established by law and based on the age of the respective business.
This mercy declines as arrears extend: debts aged four to twelve months qualify for 55% interest relief and 50% in fines. Beyond 13 months, the benefits taper further—dropping to 30% for both after 18 months, 15% interest and 20% fines between 19 and 24 months, and zero relief thereafter.
| Age of the transaction | Interest (about 3.5%) | Fines |
| 1 to 3 months | 75% | 70% |
| 4 to 12 months | 55% | 50% |
| 13 to 18 months | 30% | 30% |
| 19 to 24 months | 15% | 20% |
| More than 24 months | 0% | 0% |
The age of a debt is calculated from the calendar month of issuance through the final day of the relevant settlement month. For property tax, the clock begins in the month following the original due date.
Additional incentive for full settlement
Taxpayers who settle an entire outstanding debt in a single payment may unlock an additional 5% interest forgiveness, provided the debt spans multiple instalments and is not more than 24 months old. This additional relief must be processed directly through the TGR.
How to claim the benefit
Eligible taxpayers can access standard waivers online through sii.cl or tgr.cl. Those seeking higher-than-standard forgiveness rates must apply directly to the TGR and document qualifying circumstances.
Requests for waiver of infractions, fines without a tax base, or interest surcharges must be submitted in person to the SII using Form 2667 or via its online administrative portal.
