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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:


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  • 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

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