Chile

Chilean VAT rates and VAT compliance

June 14th, 2018

VAT rates in Chile The current VAT rates are as follows: standard VAT rate; and Exempt: exports of goods; entrance sporting and cultural events; real estate; freight services; used cars and lorries; international passenger transport; and education. Chilean VAT compliance There are detailed rules controlling the recording and processing of transactions for VAT. These include …


Chile

Chilie

June 14th, 2018

Chile implemented a Value Added Tax regime in 1973. It is termed Impuesto al Valor Agregado (IVA) locally and is subject to the oversight of the Servicio de Impuestos Internos (SII). Should you register for Chilean VAT Income from supplies of goods or services within the country are generally subject to VAT. This includes imports. Below is a summary …


Chile

Chile imposes electronic VAT invoices

January 21st, 2014

The new 2014 VAT compliance act has introduced a number of changes to the Chilean VAT regime. Compulsory electronic invoices All taxable businesses must now only provide electronic invoices, credit notes etc.  This will come into effect from 1 September 2014. THe only exception is where companies can demonstrate no or poor web access.  For …