Chile: SII issues circular on overdue tax fines for September 2025
Chile’s SII issued Circular No. 52-2025 on 14 August 2025, setting September 2025 tax readjustments, fines, and a 0.0222222222% daily late payment interest rate. The Chile’s Internal Revenue Service (SII) has issued Circular No. 52-2025 on
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Chile clarifies indirect foreign tax credit treatment for CFCs
Ruling No. 1500-2025 confirms that the indirect foreign tax credit applies only if a treaty or information exchange agreement exists and the CFC owns at least 10% of the subsidiary. Chile’s tax administration (SII) issued Ruling No. 1500-2025
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Chile: SII updates rules for digital platforms to confirm users’ tax registration
The new rules mandates digital payment and intermediation platforms to verify users' compliance with business activity obligations through the SII platform’s “situación tributaria” option, API tax ID queries, or other SII-provided digital
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Chile: MoF revises criteria for fuel excise tax calculation
The readjusted fuel excise tax will take effect from 7 August 2025. Chile’s Ministry of Finance published Executive Decree No. 242 in the Official Gazette on 6 August 2025, revising the components used to calculate the excise tax on fuels, as
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Chile: SII sets VAT filing and payment rules for foreign e-sellers, digital platforms
SII’s new Resolution No. 93 requires foreign taxpayers registered to declare and pay 19% VAT on remote sales or facilitation of low-value goods. Chile’s tax authority (SII) has issued Resolution No. 93 of 30 July 2025, setting rules for VAT
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Chile: SII issues guidance on VAT, invoicing rules for outsourced services
The Ruling clarifies VAT treatment and invoicing requirements for outsourced services. Chile’s tax administration (SII) published Ruling No. 1394-2025 on its website on 24 July 2025, in which it provided clarification of value added tax (VAT)
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Chile waives interest and penalties for some non-resident taxpayers over technical glitch
The full waiver of interest and penalties only applies to non-resident taxpayers who submitted their digital VAT forms by 25 July 2025. Chile's Tax Administration (SII) has issued Resolution Ex. SII No. 89-2025 on the SII website on 22 July
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Chile updates daily late tax payment interest rate for July–December 2025
The updated daily interest rate for late tax payments is 0.0222222222% for the period from 1 July to 31 December 2025. Chile’s Internal Revenue Service (SII) has issued Resolution No. 75 on 26 June 2025, setting the daily interest rate for late
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Chile issues VAT registration rules for foreign B2C sellers
The resolution introduces VAT registration for foreign sellers and platforms handling low-value B2C goods from October 2025. The Chilean tax authority SII) issued Resolution No. 84 on 10 July 2025, establishing registration procedures for foreign
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Chile extends reduced tax rate for qualifying SMEs until 2028
The new law extends the reduced 12.5% rate through 2025-2027, with a 15% rate starting in 2028. Chile published Law No. 21755 in the Official Gazette on 11 July 2025, extending the temporary reduced corporate tax rate for qualifying SMEs under
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Chile sets rules for digital platforms to verify users’ tax registration and compliance
Chilean digital payment platforms must ensure users report business activity to the SII, starting 1 October 2025. Chile’s tax authority (SII) has published Resolution Ex. 79-2025 on the SII's website on 26 June 2025. This regulation
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US: Trump considering imposing 50% tariff on copper imports
The tariffs are expected to take effect by late July or 1 August 2025, with Chile, Canada, and Mexico being impacted the most by the increases. US President Donald Trump announced plans for a 50% tariff on copper imports during a White House
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Paraguay, Chile negotiating to revise income tax treaty
The technical negotiations aim to update the 2005 Paraguay-Chile tax treaty, incorporating it with updated OECD and UN standards. According to the Paraguay Information Agency, on 30 June 2025, Paraguay and Chile are nearing the conclusion of
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Chile clarifies conditions for indirect asset disposal tax exemption
The tax authority’s clarification involves addressing the tax implications of an Australian business group's indirect disposal of underlying assets in Chile. Chile’s tax authority (SII) issued Letter Ruling No. 1154 on 19 June 2025,
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Chile: SII consults on appointment of business group representatives for Chilean entities
The SII is considering whether business groups with a single Chilean subsidiary or multiple Chilean entities under a foreign parent must appoint a common representative. Chile’s tax authority (SII) launched a consultation on whether business
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Chile confirms end date for Costa Rica’s preferential tax regime status
Chile’s tax Administration (SII) confirmed that Costa Rica is not considered a preferential tax regime under the Income Tax Law. Chile’s tax authority (SII) issued Letter Ruling No. 1007 on 22 May 2025 regarding when Costa Rica ceased to be
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Chile announces new VAT guidance for marketplaces and low-value goods
Chile’s tax authority (SII) has issued Circular No. 38/2025 and Circular No. 39/2025 on 30 April 2025, which implemented last year’s tax reform, including VAT marketplace rules, low-value goods rules, and marketplace compliance
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Chile: Tax authority confirms UAE is not considered a preferential tax jurisdiction
Chile’s tax authority (SII) issued Resolution No. 61 on 8 May 2025 in response to a request submitted on 31 December 2024 regarding whether the UAE qualifies as having a preferential tax regime. The resolution confirms that the UAE is not
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