- The Subdirección de Fiscalización has enacted Resolution Ex. N° 187 to establish a simplified VAT taxation regime for small taxpayers, effective January 1, 2026, allowing eligible individuals to pay a fixed monthly VAT based on their sales or services.
- To qualify for this simplified regime, small taxpayers must meet specific criteria, including being a natural person, exclusively engaging in small-scale commerce or services, and not exceeding a monthly sales threshold of 20 UTM.
- The resolution replaces previous regulations from 1977 and 1979, streamlining the process for small taxpayers and detailing the application procedure, VAT calculation, and conditions for exclusion from the regime.
Source Sii
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