Taxation of international executives
The taxation of international executives in Chile, will depend on the conditions of the assignment. Foreign workers who become residents or are considered domiciled for Chilean tax purposes, will be subject to taxes in Chile on their Chilean source income for the first three years of their stay in the country. After the third year, foreign workers are subject to taxes on their worldwide income. Foreign workers who do not meet the requirements to become residents or are not considered domiciled for Chilean tax purposes will be subject to the Additional Tax (a flat tax rate of 35%, which can be reduced to 15% for employment income for professional/technical services).
The official currency in Chile is the Chilean peso (CLP).