Chile: Legislation to promote productivity, investments | KPMG Global
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Chile: Legislation aims to promote productivity, investments

Chile: Legislation to promote productivity, investments

Among the tax developments in Chile in early 2018 are the following items:


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  • Revaluation of real estate—As of 1 January 2018, the process for revaluation of non-agricultural real estate began, using a mechanism that is applied every four years when the tax authority (SII) updates the tax appraisals of property.
  • Tax treatment applicable to motor vehicles—The SII issued Circular No. 5 for 2018, concerning the tax treatment of motor vehicles. 
  • Car benefits for company workers—In the labor market, it is common to include in a compensation package for domestic and foreign executives (especially expatriates) a vehicle for personal use. The tax treatment of this benefit generally has not been regulated, except tangentially in pronouncements by the tax authority. 
  • Legislation introduced to promote productivity and investment—A bill was presented in the Chamber of Deputies that would modify the law for promoting productivity and investment.


Read a February 2018 report (Spanish) [PDF 280 KB] prepared by the KPMG member firm in Chile

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