Since August 1st 2018, buyers have to withhold, declare and remit the VAT to the SII if the seller is not VAT-registered with the SII. The list of entities that are VAT-registered can be found on the SII`s website.
The Chilean customs regulations have been amended in August 2018 by the following provision: the value of imported goods can be determined through a previously implemented advanced pricing agreement (APA).
Tax payers that import goods from foreign companies can apply for an APA in order to pay a fair market price for their imported goods. In order to harmonize both transfer pricing and customs regulations the latter have been adapted to accept the APA`s transaction value when calculating customs.