Chile: Guidelines concerning VAT reporting, withholding | KPMG | GLOBAL
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Chile: New guidelines concerning VAT reporting and withholding

Chile: Guidelines concerning VAT reporting, withholding

The tax authority (SII) issued guidelines concerning the value added tax (VAT) reporting and payment on purchases of certain goods or services. Under this new process, taxpayers that qualify as withholding agents and that purchase goods or services must remit the VAT related to the purchase. These measures are effective 1 August 2018.

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Taxpayers that are subject to these rules will be required to file VAT returns.

 

Read a May 2018 report (Spanish) [PDF 255 KB] prepared by the KPMG member firm in Chile

 

Other items discussed in this report include:

  • Most favored nation clause 
  • Disbursements relating to labor lawsuits 
  • Tax exemption for private investment funds, quotas
  • Assessments of cross-border mergers 
  • Private investment funds 
  • Benefits pursuant to collective agreements

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