New rules are being introduced to impose VAT on goods acquired from a non-Chilean resident by a person not considered a VAT taxpayer in Chile, as long as the goods are sent to Chile and the sales price is under USD 500. The rules for VAT on digital services will also be extended to these transactions, with simplified registration requirements for foreign intermediation platforms. Additionally, new VAT anti-avoidance rules will be implemented for business reorganizations and stock transactions, aiming to prevent the avoidance of VAT in these cases.
Source Orbitax
Latest Posts in "Chile"
- Chile Imposes Strict Tax Compliance and Reporting Duties on Digital Platforms and Payment Providers
- Chile Clarifies VAT Rules for Late Invoices and Deductions on Nonresident Service Providers
- Implementation of Centralized Digital Signature for Electronic Receipts by SII
- SII Files Criminal Complaint Against Family Clan for $4.7 Billion Tax Evasion Using Fake Invoices
- Chile Clarifies VAT and Income Tax Rules for Non-Resident Service Providers in Recent Ruling
