South American Real Estate News

Slide gateway to south america's news resource Brings you local news and views from the region Experienced Investment news local knowledge information resource for investors real estate marketing Gateway to South America Real Estate News line Icon home Icon home Icon home brokerage services www.gtsanews.com www.gatewaytosouthamerica.com Click here now for real - estate opportunities Experienced argentina brazil chile paraguay peru uruguay agro business lifestyle real estate marketing Gateway to South America Real Estate Services high end residential Farm investment tours Icon home Icon home Icon home Icon home brokerage services
line www.gatewaytosouthamerica.com
Slide Real Estate News Service South American Focused 1000's Of Happy Subscribers Argentina - Brazil - Chile- Paraguay - Peru - Uruguay Bilingual Posts Free Subscriptions www.gtsanews.com www.gatewaytosouthamerica.com

Chile Investors need a RUT Tax Number

Post available in: English

Chile Investors need a RUT Tax Number 

There are two types of numbers commonly referred to as a “RUT” in Chile. A temporary RUT for foreigners is only a tax payer ID number. Another type of “RUT” (sometimes called RUN) is for Chilean citizens and Chilean Residents. The permanent RUT for citizens and national is a national ID number, similar to a Social Security Number in the United States, and is used for passports, tax issues, ID, and many other things. Companies are also issued “RUT” numbers for tax purposes.

You do not need to be a resident of Chile to obtain a temporary RUT number. A RUT number is required to make any major purchase in Chile, with tax consequences, and is issued by the Internal Revenue Service of Chile (SII). It looks like this 005.573.392-9.

A temporary RUT numbers does not entitle you to residency in Chile or citizenship in Chile. To obtain a permanent RUT number you must apply for Residency. Most Chileans, and even many attorneys in Chile, are not aware there is such a thing as a temporary RUT number for foreigners in Chile.

In 2015, the government of Chile has imposed a new requirement on foreigners obtaining a temporary RUT numbers. Prior to 2015, it was possible for foreigners to simply obtain a RUT number with their passport at any IRS office in Chile by filling out a form.

Now, foreigners are required to have either a resident or citizen of Chile with a permanent address in the country, to act as your “legal representative” for the purposes of obtaining official notification or correspondence from the Chilean Tax authority before they will issue a temporary RUT number for foreigners in Chile.

A law firm can obtain RUT numbers for clients through a special limited power of attorney, when foreigners are either outside of Chile or inside of Chile. In addition for drafting and arranging for you to sign the limited power of attorney, applying for the RUT number with the SII, they can be your “legal representative” or point of contact for official notifications from the SII office in Chile.

In most cases foreigners only need a temporary RUT number when they plan to do such things as purchase real estate, vehicles, or other major assets that require the payment of taxes in 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.

www.gatewaytosouthamerica.com

(Visited 152 times, 1 visits today)
Gateway to South America

About Gateway to South America

Gateway to South America was established in 2006 as a single office in Buenos Aires. The company has since expanded into a vibrant regional network, servicing the Southern Cone clients in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay with professional real estate marketing services. If you enjoy reading our news site please share it on your social media below.

Post available in: English

0 POST COMMENT

Comments from our readers

Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest