Chile Implements New Invoice Rules for High-Value Sales to Non-VAT Taxpayers

• Chile has established new invoice requirements for sales of goods exceeding a certain threshold to non-VAT taxpayers.
• The requirements are based on Article 92 ter of the Tax Code.
• The Internal Revenue Service is responsible for applying and enforcing these tax regulations.
• Taxpayers must issue invoices for sales, even if exempt, using electronic documents.
• Article 92 ter specifies that transactions above a certain limit must be documented with the payer’s identity.
• The limit is set between 50 and 135 units of account or their foreign currency equivalents.
• Payments can be made using any legally acceptable method if documented properly.
• Cash payments must be noted in the respective invoice or document.
• If not documented as required, transactions must use electronic or other approved payment methods.

Source: sii.cl

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.

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