Chilean Chamber of Deputies Passes Comprehensive Tax Compliance Bill with VAT Reforms

Chamber of Deputies passed a comprehensive tax compliance bill on 25 September 2024
Bill is undergoing legislative processes and awaits formal promulgation and publication
Effective date of the bill may vary depending on specific changes
Changes to Value-added tax (VAT) regime include:
Enhancement for digital economy
New anti-avoidance rule
Abrogation of low-value goods exemption
Export VAT refunds restrictions
VAT regime extended to digital platforms and marketplace for imported goods
De minimis exemption for low-value goods eliminated
New VAT SAAR allows requalification of reorganizations
Exporters must demonstrate accurate VAT refunds for last 36 months
Most VAT measures effective on first day of month following publication
VAT regime for digital platforms effective 12 months after publication
Export VAT regime effective six months after issuance of regulations

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.