- The SII issued Circular No. 19 to clarify changes introduced by Law No. 21,713 to the Tax Code, notably the addition of Article 92 ter, which permits cash transactions for purchases and sales exceeding 135 UF (approximately 5,500 USD) as long as the payer’s identity is recorded on the invoice or e-receipt.
- This new measure became effective on January 1, 2025, enhancing compliance and transparency in higher-value cash transactions.
- The technical documentation for e-receipts (B2C) has been updated to include new fields for capturing the buyer’s name and identification data, ensuring proper documentation for transactions meeting the cash payment criteria.
Source Sovos
Click on the logo to visit the website
Latest Posts in "Chile"
- 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.
- Chile’s Simplified VAT Regime: Registration Procedures and Recent Tax Developments
