- Chilean tax authority clarified correction process for erroneous VAT invoices
- Taxpayer must issue credit note for mistaken tax debit
- Excess tax paid must be refunded according to Chilean Tax Code
- New VAT exempt invoice must be issued after correction
- Correction process applies to housing construction projects with VAT exemption for housing committees and sponsoring entities
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
