The Chilean tax authorities (SII) issued a resolution reflecting legislative changes (from late 2017) that broaden the categories of taxpayers required to file an annual declaration (a sworn statement or “declaraciónes juradas”) for transfer pricing purposes.
Taxpayers will have to file Form 1907 (Spanish) [PDF 258 KB] if during the tax year, they have engaged in transactions with parties that are domiciled, have residency or are established or incorporated in a territory or jurisdiction that is considered to be a “preferential tax regime” pursuant to a list prepared by the Chilean tax authorities. The list is included in Resolución Nº 124 of 2017 [PDF 217 KB].
For the year 2018, the deadline for submitting Form 1907 is 29 June 2018, for transactions taking place during the preceding calendar year (2017). Taxpayers, however, may be able to request an extension, for up to three months, of time to file the statement provided that the extension request is made before the end of the original deadline (that is, 29 June 2018).
For more information, contact a tax professional with KPMG’s Global Transfer Pricing Services practice in Chile:
Juan Pablo Guerrero Daw | + 56 2 2798 1427 | email@example.com
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.