Share with your friends

Chile: Abatement of interest and penalties for certain taxpayers

Chile: Abatement of interest and penalties

A resolution provides relief from interest and penalties relating to tax debts.


Related content

Resolución N°1047 (released by the Treasury Department (Tesorería General de la República) and published in the official gazette on 26 September 2019) allows taxpayers in certain instances to obtain forgiveness of up to 85% of interest and penalties related to their tax debts when settlement is made with a cash payment. Taxpayers resolving their tax debts under an installment payment agreement may obtain forgiveness of up to 65% of tax-related interest and penalties.

The resolution generally applies with respect to tax debts before 31 July 2019. The interest and penalty relief under the resolution is applicable until 31 December 2019.

Taxpayers also have the currently available option to seek abatement of interest and penalties directly from the tax authority (Servicio de Impuestos Internos).

Read a September 2019 report (Spanish) prepared by the KPMG member firm in Chile

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal