close
Share with your friends

Chile: Tax relief measures (COVID-19)

Chile: Tax relief measures (COVID-19)

Tax relief measures provided in response to the coronavirus (COVID-19) pandemic include the following:

1000

Related content

  • Deferral of income tax payments until 31 July 2020 for certain taxpayers with annual sales up to UF 75,000 (approximately U.S. $2.5 million)
  • Deferral of payments of the real estate tax for individual owners of real estate having a value of approximately U.S. $160,000 and for companies with annual sales up to UF 350,000
  • Expedited refunds of income tax during April 2020, for individuals and for companies with annual sales up to UF 75,000
  • Waiver of interest and penalties for late filing of income tax returns due 30 April 2020 and for monthly value added tax (VAT) returns, when returns are filed on or before 30 September 2020
  • Reduced stamp tax rate; a rate of 0% for all credit, financial, and refinancing transactions between 1 April and 30 October 2020
  • No monthly advance income tax payments required of all taxpayers for the period April - June 2020 
  • All expenses incurred in relation to the COVID-19 pandemic deductible for income tax purposes
  • Deferral of VAT payable for the period April - June  2020, for taxpayers with annual sales up to UF 350,000 (approximately U.S. $11.8 million)
  • Deferral of VAT payable in six or 12 equal installments, with 0% interest starting in July 2020


Read a March 2020 report [PDF 627 KB] prepared by the KPMG member firm in Chile

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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