Chile's Internal Revenue Service has issued Resolution No. 89 updating the market values of high-value assets subject to the 2% annual luxury tax, covering helicopters, airplanes, yachts, automobiles, and similar vehicles, as the second quarterly supplement to the foundational 2025 list.
Chile’s Internal Revenue Service (SII) issued Resolution No. 89 dated 26 June 2026, updating the lists of assets and their corresponding market values for purposes of applying the 2026 luxury tax.
This tax framework imposes a 2% annual tax on the normal market value of specific high-value goods, including helicopters, airplanes, yachts, automobiles, station wagons, and similar vehicles.
To be liable for this tax, the specified assets must be located within Chilean territory and owned by a natural or legal person as of 31 December of the preceding year. The resolution serves as a formal quarterly update to the existing list of taxable property, ensuring the tax database remains current for the second quarter of the year.
Resolution No. 89 specifically supplements the foundational tax list that was established by Resolution No. 194 in 2025 and follows the first-quarter update introduced by Resolution No. 47 earlier in 2026.
The updated 2026 assets incorporated by Resolution No. 89 are categorised into three supplementary annexes:
- Annex 1: Helicopters and airplanes.
- Annex 2: Yachts.
- Annex 3: Automobiles, station wagons, and similar vehicles.
The SII compiles luxury tax asset values using mandatory data provided by specialised government agencies, including aviation, maritime, and civil registry authorities. Asset values are determined on the assumption that the assets are in good condition and based on their original year of manufacture.
Earlier, SII issued Resolution No. 194 setting out the assets and market values subject to the 2026 luxury tax, which imposes a 2% annual levy on high-value assets owned in Chile.
