- Chile’s Tax Compliance Bill has been approved by Congress
- VAT will be imposed on low-value consignments of goods imported directly to consumers
- Consignments at or below US$500 will attract VAT at online checkout
- Sellers will have to register for VAT and submit returns and remittances
- Failure to register will result in payment service providers withholding the VAT
Source: vatcalc.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.
Latest Posts in "Chile"
- Coordinated Effort Recovers Illegal Cigarette Manufacturing Machine, Prevents $16 Billion Tax Evasion
- Chile Exempts Low-Value Imports from VAT When Purchased via Remote Sellers or Online Platforms
- VAT exemption procedures for low-value remote purchases
- Chile Allows Digital Content Creators to Claim US Tax Credit Under New Ruling
- Procedure for Certifying VAT Exemption on Low-Value Imports Under Article 12(b)(18) of Decree Law 825.
