Foreigners can retire Income Tax Free in Chile
Retire Income Tax Free in Chile!
Chile does not impose income tax on foreign pensions or social security of foreigners with residency in Chile. This is in addition to other tax benefits for all new residents of Chile, such as the three year foreign income tax exemption or any dual tax treaties that may exist between Chile and other countries.
No income tax on Foreign Pensions and Social Security in Chile!
One of the greatest benefits of retiring in Chile even if you are not really near retirement age is the income tax exemption for foreign pensions and social security. Chile does not tax foreign pensions or social security for people that retired and live in Chile under the type known as “retirement and periodic income” visa.
This benefit is extended to those that apply before retirement age, and will someday receive a pension from a foreign country. This is in addition to the normal three year income tax exemption provided to new residents of Chile on foreign income of all types. Please be aware that other countries may still impose income tax on your pension or other income, and you should consult your tax advisor in those jurisdictions.
Spencer Global Chile
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.