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 ...

New Legislation in Chile to Fight Corruption

On November 20th, 2018, the new Law 21,121 has been published in Chile introducing changes…

Chile: MFN Principle in International Contracts

According to the most favored nation (MFN) principle a state has to grant the same…

Chile: Tax Reform

Since 2019, there is a new tax reform in place in Chile which affects the…

LATAM: Economic Recovery 2019

At the end of the super election year it is worthwhile to look at the…

BEPS Action 13 in Latin America

The BEPS Action 13 Report (Transfer Pricing Documentation and Country-by-Country Reporting) offers multinational enterprises (MNEs) a…

Chile: New Tax reform announced

On August 21st Chilean president Sebastián Piñera announced a new tax reform aimed at simplifying…

Economic Quick-Check LATAM

Imports and Exports to Latin America The following table summarizes LATAM`s most important trade relations…

Tax Terms Chile

Association Agreement EU: In 2002, an Association Agreement between Chile and the EU has been…

Overview Chile

Chile With a population of only 17 million Chile is one of the smallest LATAM…

Frequently Asked Questions

When is it worthwhile to execute the SAP roll-out in Latin America? Due to the…

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