Chile’s tax authority issued Exempt Resolution No. 36, on 15 March, 2024, updating the requirements for various tax documents that value added tax (VAT) taxpayers must issue. These documents include credit notes, debit notes, dispatch guides, purchase invoices, and liquidation invoices.
The new guidelines took effect on 1 July, 2024.
As per the Resolution, the electronic tax documents mentioned in the previous point must always be indicated clearly and explicitly in the “Item Name” or “Product Name” field of the “Detail” section, without ambiguities or imprecisions. It should not have abbreviations that hinder their proper understanding. In the event that the description exceeds 80 characters, it must be continued in the “Additional Description” or “Desc.” field of the same line.
Non-compliance may result in penalties, including possible business closure for up to 20 days and fines ranging from 50% to 500% of the transaction value.
