Chile's tax landscape for 2025
February 2025Based on recent trends and legislative updates, here are some key areas to watch for in Chile's tax landscape for 2025:
1. Focus on Tax Compliance:
- Enhanced Scrutiny: Chile has been strengthening its tax compliance framework.1 This includes measures to combat tax evasion and avoidance, particularly by high-income individuals and large corporations.2 Expect continued focus on audits, information exchange, and stricter enforcement.
- Digitalization: The Chilean tax authority (SII) is likely to continue pushing for digitalization of tax processes. This could involve further development of electronic filing systems, online services, and data analytics to improve efficiency and tax collection.
2. International Tax Developments:
- OECD Initiatives: Chile is likely to align its tax policies with international initiatives, such as those from the OECD, aimed at addressing base erosion and profit shifting (BEPS) and promoting tax transparency.
- Global Minimum Tax: The implementation of a global minimum tax for multinational corporations is something to watch for, as it could impact how large companies are taxed in Chile.
3. Potential Changes to VAT:
- VAT on Digital Services: With the rise of the digital economy, Chile may consider further adjustments to its VAT system to ensure that digital services provided by foreign companies to Chilean consumers are taxed appropriately.
4. Tax Incentives and Investment:
- Promoting Investment: The government may introduce or adjust tax incentives to attract foreign investment and stimulate economic growth in specific sectors.
These incentives could focus on areas like technology, renewable energy, or research and development.
5. Updates to Tax Regulations:
- Ongoing Amendments: Tax regulations are subject to periodic updates and amendments.
Businesses should stay informed about any changes to tax rules, particularly those related to corporate income tax, individual income tax, VAT, and other relevant taxes.
Chile tax news 2025
January 2025While specific tax changes for 2025 may not be fully clear yet, the trend in Chile is towards enhanced tax compliance, digitalization, and alignment with international tax standards.
Businesses and individuals should stay informed about potential updates and consult with tax professionals to ensure they are compliant and can take advantage of any available tax benefits.
Chile greenlights mining tax reform
May 2023Lawmakers in Chile's lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has publicly backed it, to become law.
The reform will require large copper and lithium producers that operate in the mineral-rich Latin American nation to pay more taxes and royalties to the government.
Chile Czech Republic Tax Treaty
January 2016Chile and the Czech Republic signed on December 2, 2015 a double tax treaty, DTA, between the two countries.
According to the DTA the tax withholding rates will be 15% on dividends, 5%/15% on interest and 5%/10% on royalties.
Chile's Corporate Tax Rate 2011
February 2010Chile's new corporate tax rate for 2011 is 20% , compared to the 17% rate in 2010.
Chile Tax News 2010
February 2010Chile and the U.S. signed on February 4, 2010 the first income tax treaty between the two countries.
The treaty includes several departures from the 2006 U.S. model.
The treaty would come into force after being ratified by both countries.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.