- Chile’s SII published Resolution No. 194, setting a 2% luxury tax for 2026 on high-value helicopters, aircraft, yachts, and luxury cars.
- The tax applies to both individuals and companies owning these assets in Chile.
- Detailed valuation methods are specified for each asset type to ensure transparency.
- The resolution aims to reduce exemptions and increase revenue from luxury assets.
Source: regfollower.com
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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