- A new VAT exemption applies to the sale of used tangible movable goods by non-profit charitable institutions, provided these goods come exclusively from donations.
- The exemption was introduced by Article 90 of Law No. 21.806, adding a new No. 7 to letter A of Article 12 of the Law on Sales and Services Tax.
- To qualify, the operation must legally constitute a “sale” (not a service), and the goods must be used tangible movable property.
- Beneficiary institutions must be registered in a special registry established by the Internal Revenue Service.
- All requirements must be met cumulatively for the exemption to apply.
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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