- VAT payers receiving services from nonresident providers must issue purchase invoices and pay VAT to Chilean tax authorities.
- If invoices are not issued in the correct tax period, they must be issued retroactively for each transaction.
- Invoices must be manually extracted from Form 29.
- VAT charged on such services is deductible as an expense in the fiscal year when the VAT payment is due, if no credit entitlement exists.
Source: news.bloombergtax.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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