The Chilean Ministry of Finance Jan. 15 announced that the Chamber of Deputies approved VAT reform proposals to encourage the formalization of micro-enterprises, and to add anti-avoidance measures. The proposals includes measures to: 1) defer VAT payments for taxpayers initiating activities and registering sales of up to 2,400 account units (UF) in their first two years, by allowing a 100 percent credit for VAT paid during the…
Sourc: bloombergtax.com
Latest Posts in "Chile"
- Chile Clarifies VAT Rules for Low-Value Goods via Remote Sellers and Online Platforms
- Chile Issues Guidance on Reduced Tax Rates and Advance Payments for SMEs Effective 2025-2027
- Tax Authority States Real Estate Brokers Cannot Issue VAT Invoices for Landlords
- Foreign Digital Service Providers Must Register for Simplified VAT in Chile, Tax Rules State
- Tax Administration Explains New VAT Rules for Low-Value Goods Bought Online
