Chile

Chile

With a population of only 17 million Chile is one of the smallest LATAM countries. At the same time, it stands out in comparisons to its neighbors because of its particularly stable political, economic and social climate. Chile`s promising economic development is mostly based on its many international free trade agreements which practically enable a custom-free access to all markets worldwide. Furthermore, Chile is the first LATAM country which has an Association Agreement with the EU wherefore German companies can export their goods costum-free. The economic pillars of Chile are mining (due to the large copper deposits) as well as the agricultural sector. For both sectors modern technologies are needed which make Chile an attractive target country for companies dealing in sensorics, electronics, automatization, and energy efficiency.

 

e-Invoicing

Chile employs the e-Invoicing system since 2014 which obligates companies to generate and submit ten different document types: the Documentos Tributarios Electrónicos (DTE). These documents are being generated as a XML file that is being signed electronically before being send to the tax authority SII (Servicio de Impuestos Internos). More ...

Chile: Congress adopts “Multilateral Instrument” MLI

On July 2020, the Chilean Congress adopted the “Multilateral Agreement on the Implementation of Tax…

Chile: Simplified VAT system and registration requirement for digital service providers

The Chilean tax authority SII (Servicio de Impuestos Internos) has decided that non-resident providers of…

OECD report: 6 taxation insights on Latin America and the Caribbean

The OECD recently published  a report on tax revenues for 26 countries in Latin America…

LATAM: Corona-induced Tax Measures II

Corona is hitting the world economy hard. In fact, the IMF made it official recently…

Chile: New Version of Tax Schemes Catalog

The Chilean tax agency SII has published the fourth edition of the tax scheme catalog…

Chile: Tax Reform in Response to Protests

In Chile, recent weeks have been marked by anti-government demonstrations and strikes, to which the…

Argentina implements digital certificate for commerce with Paraguay

Argentina`s tax authority AFIP implemented the Digital Certificate of Origin (COD) between Argentina and Paraguay,…

Chile: Law establishes Bill Payment in thirty Days

In January 2019, a new law has been introduced which reduced the deadline to pay…

International Approaches to taxing the Digital Economy

New technologies fuel the trend of digitization and change the economy by: Decoupling it from…

Labor Reform in Chile

On May 2, 2019, the Chilean government announced the second draft labor reform to modernize…