- The Chilean tax authority has established a simplified VAT taxation regime for small taxpayers, effective January 1, 2026, allowing eligible small businesses to pay a fixed monthly VAT based on their sales, thus streamlining their tax obligations. This new resolution replaces previous regulations from 1977 and 1979.
- To qualify for this simplified regime, small contributors must meet specific criteria, including being individual sellers, having a sales average not exceeding 20 UTM (Unidad Tributaria Mensual), and not being subject to certain special taxes. The application process requires a formal request submitted through the tax authority’s website.
- The resolution outlines the procedures for determining the fixed monthly VAT amount, the declaration and payment periods, and the conditions under which contributors may be excluded from the simplified regime, including exceeding sales limits or failing to report sales accurately.
Source sii.cl
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