- The new law allows market vendors to opt for a special tax regime, paying a 1.5% substitute tax on total sales instead of the usual 19% VAT, if they register with the SII.
- In Huechuraba, 194 out of 364 licensed vendors and 181 out of 359 vendors at La Pincoya market have registered for this regime.
- Vendors have until June 30 to register and meet requirements such as having a municipal license, starting activities with the SII, using authorized electronic payment methods, and registering online.
- The SII has granted a progressive implementation period until June 30, 2026, to help vendors adapt to the new requirements.
- The Ministry of Finance has set regulations for electronic payment operators serving these markets, ensuring proper service and information standards.
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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