SII Issues Circular Regulating Economic Activity Start Requirements for Public Entities and Digital Platforms

• SII published Circular N°38 on April 30, 2025, with instructions for implementing the law on tax compliance obligations.
• The law requires platforms, electronic payment administrators, state bodies, and banks to demand proof of business activity initiation for economic activities.
• Platforms and payment administrators must ensure clients meet tax obligations.
• Public consultation and discussions were held to address concerns about implementation time.
• The obligation for platforms, payment administrators, state bodies, and banks starts on October 1, 2025.
• Platforms and payment administrators must verify tax compliance from January 1, 2026.
• The aim is to ensure fair economic activity conditions and coordinated implementation.
• State bodies, regional governments, and municipalities must require proof for economic activity authorization.
• Commercial banks must require it from credit or loan applicants.

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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