Chile: Guidance on tax issues under “Housing Emergency Plan”; other direct and indirect tax developments

Instructions on tax implications of various legislative amendments carried out in support of “Housing Emergency Plan”

Guidance on tax issues under “Housing Emergency Plan”; other direct and indirect tax

The Chilean tax authority provided instructions on the tax implications of various legislative amendments carried out in support of the “Housing Emergency Plan” to facilitate the execution of urban works.

Read a November 2023 report (Spanish and English) [PDF 1.4 MB] prepared by the KPMG member firm in Chile

Other direct and indirect tax-related topics discussed in this report include:

  • Instructions regarding certain value added tax (VAT) exemptions for various activities carried out by rural sanitary service operators
  • Deadline for filing various affidavits for FY 2024
  • VAT exemption for the administration and maintenance of an educational platform 
  • Calculation of the higher or lower value obtained in the adjudication of assets in the liquidation of a company
  • Tax refund to final tax taxpayer due to increase in the corporative income tax credit
  • Tax aspects of the division of a company
  • Shareholder remuneration in a closely held company
  • VAT on benefits for victims of work accidents
  • VAT exemption on the sale of fixed assets and lease of real estate by the Chilean Air Federation and affiliated air clubs
  • Tax treatment on imports of legal tender coins and gold bars
  • VAT exemption for operations carried out by the University of Chile
  • Calculation of the cap of the tax benefit for pension savings made by a natural person

 

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