Chile: VAT from digital services exceeds USD 1 billion 

February 06, 2024

On 5 February 2024,  Chile’s tax authority (Servicio de Impuestos Internos - SII), in a release, declared that its VAT collections from registered digital service suppliers have exceeded USD 1 billion as of December 2023. In June 2020, Chile

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Chile releases 8th catalog of tax schemes

December 30, 2023

On 27 December 2023, Chile’s tax authority declared it published the eighth version of the Catalog of Tax Schemes. The publication of this Catalog responds to the challenge of ensuring that each taxpayer understands compliance with their tax

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US Treasury signs income tax treaty with Chile

December 20, 2023

On 19 December 2023, the U.S. Department of the Treasury announced the entry into force of a comprehensive income tax treaty between the United States and Chile. The Chile tax treaty is the first new comprehensive bilateral tax treaty signed by the

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Chile signs EU Trade Agreement & approves DTA protocol with Brazil

December 14, 2023

On 13 December 2023, Chile became the first country in the Latin American region to conclude with the European Union EU an Advanced Framework Agreement and an Interim Trade Agreement to strengthen political cooperation and foster trade and

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Chile: Digital platform operators must issue pay slips to freelancers

December 09, 2023

The Chilean tax authority has announced Resolution No. 132 of 20 November 2023, which outlines that digital platform operators must issue electronic third-party service provision pay slips to independent freelancers who provide services to users of

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Chile declares revised tax return deadlines for 2024

October 19, 2023

On 4 October 2023, the Chilean federal tax agency published Resolution No. 116 with revised filing deadlines of different forms for the 2024 tax year. The deadlines of forms are as follows: March 1: Forms 1811, 1822, 1834, 1891, 1900, 1902,

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Chile extends deadline for transfer pricing returns

June 25, 2023

On 20 June 2023, the Chilean tax authority (SII) issued Resolution No. 70 that provides an extension of three months to taxpayers who were required to submit their transfer pricing returns between 1 July 2023 and 30 September 2023. The extension

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Chile: Tax authority clarifies time limits for MAP requests

April 27, 2023

On 19 April 2023, Circular No. 19 was released by the Chilean tax authority. This circular modifies Circular No. 13, which was published on 18 March 2022, which provides guidance on the Mutual Agreement Procedures (MAP) under Chile’s tax treaties.

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Chile launches public consultation on MAP

March 27, 2023

The Internal Revenue Service (SII) of Chile has launched a public consultation on a draft circular that aims to clarify the 3-year deadline for submitting a mutual agreement procedure (MAP) request. The SII is accepting feedback from the public

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Chile joins International Compliance Assurance Program

March 01, 2022

On 24 February 2022 the OECD announced that Chile has joined the International Compliance Assurance Program (ICAP). The ICAP is a voluntary risk assessment and assurance program whose objective is to facilitate greater cooperation in tax compliance

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OECD announces that Chile has joined the ICAP

February 25, 2022

On 24 February 2022 the OECD announced that Chile has joined the International Compliance Assurance Program (ICAP). The ICAP is a voluntary risk assessment and assurance program whose objective is to facilitate greater cooperation in tax

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OECD: Stage two peer review report on Chile’s compliance with BEPS action 14

August 04, 2021

On 26 July 2021 the OECD published the stage two peer review report on Chile’s compliance with the minimum standard under action 14 of the action plan on base erosion and profit shifting (BEPS). BEPS Action 14 is concerned with making dispute

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Chile: Tax authority extends deadline of income tax return and payments for SMEs

April 30, 2021

On 30 April 2021, the Tax authority declared that taxpayers may file their 2021 income tax declaration until 31 May 2021, as a way to facilitate compliance with this tax responsibility, which occurs in a period marked by the health emergency and

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Chile: Avery Dennison wins Chile transfer pricing dispute

April 09, 2021

On 31 March 2021, the Tax Tribunal issued its decision in one case of: Chile v Avery Dennison Chile S.A. , relating to the appropriateness of the inter-company loan interest rates of Avery Dennis and the price of the goods sold to the company by

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IMF Recommends Tax Measures and Structural Reforms in Chile

March 15, 2021

On 9 March 2021 IMF staff issued a concluding statement following discussions with Chile under Chile has issued wide policy responses to the pandemic and its macroeconomic policies and institutions remain strong. The economy is recovering from

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Chile: BEPS MLI enters into force

March 12, 2021

On 1 March 2021, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered into

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OECD and IMF: Report on Analysis of Tax Expenditures in Chile

November 29, 2020

A report was issued on 23 November 2020 following a mission conducted by staff from the IMF and the OECD from April to October 2020. The main purpose was to provide technical support in relation to the methodology for reviewing Chile's tax

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Chile deposits BEPS MLI ratification instrument

November 26, 2020

On 26 November 2020, OECD has published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, Chile on 26

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