Date de publication : 06-10-1907
The following information are for the sole purpose of providing a general overview of the local taxation of the Corporate tax aspects of the country. In any case, it can not replace a tax advice, or be considered as an official information.
Yes we tax in Chile
Tax administration presented a proposal for new monthly VAT returns.
Tax agreements in negotiation with Argentina and with Indonesia.
Local tax advisors
No specific information on Local tax advisors
Local tax administration
No specific information of the Permanent Establishment
Taxable income in Chile is Worldwide.
Corporate Income Tax
CIT tax rate is a progressive rate up to 35%.
There is no minimum tax.
Non deductible expenses
- Payment of dividends is not deductible
Non taxable income
- Repatriation of capital
- Certain capital gains
- Dividends distributed to local companies (participation exemption)
Carry Forward : Yes
Self-assessment system based on the annual tax return.
Corporate companies are paying monthly instalments of the CIT
Whithholding Taxes (payment to foreign companies)
The local tax rates in Chile are the following, subject to the provisions of an applicable double tax treaty, if any.
There is a 35% branch tax
There is a 35% WHT on dividends
There is a 35% WHT on interests. Such rate could be reduced for certain foreign recipients.
No specific information on the WHT on royalties.
There is a 15% WHT on management fees
There is a 15% WHT on technical fees
Capital gains are taxed under the CIT.
Standard rate : 19%
Zero rated : most of exports of goods and services
- premiums insurance paid by commercial airlines
- transport of passengers by transport companies
No specific information on the possibility to obtain a refund in case of excess of Input VAT.
No other specific information on VAT
Do not hesitate to share your experience in Chile with us in the comments below. Any comments are welcome !