- Chile’s tax authority (SII) will require local financial institutions to withhold and remit VAT for non-registered foreign sellers and digital platforms starting 1 June 2026.
- The system targets remote sales of goods located abroad to Chilean consumers using credit, debit, or prepaid cards.
- Withholding agents must maintain detailed records and submit semiannual reports to the SII, with penalties for non-compliance.
- Sellers can be removed from the withholding list if they register for simplified taxation, pay debts, or only sell high-value goods.
- The first official list is published 15 June 2026, effective 1 July–31 December 2026, with the first report due by the last business day of February 2027.
Source: regfollower.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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