Chile Prepares to Apply VAT on Foreign Goods Sales Up to $500

• The Internal Revenue Service is preparing to apply VAT to sales of goods located abroad for up to 500 dollars, with the new law taking effect on October 25th
• The institution has worked intensively to contact major platforms with the greatest reach in Chile to clarify doubts and encourage them to register in the simplified taxation system
• Aliexpress stands out among platforms with 78% of total transactions of this type in the country according to bank card payment reports received by the SII
• Previously imports up to 41 dollars entered without VAT and without paying tariffs while packages above that value had to pay VAT on importation
• In 2024, 50 million packages entered the country with declared amounts equal to or less than 41 dollars representing more than 94% of total shipments received during the year

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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