The Chilean tax authorities (SII) issued a resolution reflecting legislative changes (from late 2017) that broaden the categories of taxpayers required to file an annual declaration (a sworn statement or “declaraciónes juradas”) for transfer pricing purposes.
Taxpayers will have to file Form 1907 (Spanish) [PDF 258 KB] if during the tax year, they have engaged in transactions with parties that are domiciled, have residency or are established or incorporated in a territory or jurisdiction that is considered to be a “preferential tax regime” pursuant to a list prepared by the Chilean tax authorities. The list is included in Resolución Nº 124 of 2017 [PDF 217 KB].
For the year 2018, the deadline for submitting Form 1907 is 29 June 2018, for transactions taking place during the preceding calendar year (2017). Taxpayers, however, may be able to request an extension, for up to three months, of time to file the statement provided that the extension request is made before the end of the original deadline (that is, 29 June 2018).
For more information, contact a tax professional with KPMG’s Global Transfer Pricing Services practice in Chile:
Juan Pablo Guerrero Daw | + 56 2 2798 1427 | firstname.lastname@example.org
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