The agency clarifies: 1) the definitions of “research centers” and “research and development contract;” 2) that payments made by private undertakings to research centers for R&D activities carried out under research and development contracts are subject to VAT as of Jan. 1 because the activities constitute a taxable “service;” and 3) these services are subject to VAT corresponding to the invoice issued in the period when payment is received or made available, regardless of whether the …
Source: news.bloombergtax.com
Latest Posts in "Chile"
- Chilean Tax Authority Issues VAT Guidance for Online Low-Value Goods and Platforms, Effective October 2025
- FINTUA Global VAT Guide for September 2025
- Low-Value Online Imports to Face New Government Tax from October 2025
- 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