Tax Filing in Chile: What You Need to Know
If you are looking to enter the Chilean market, or already do business there, it is worth having an understanding of tax filing in Chile. Because while it is highly likely your tax affairs will be handled by corporate accountants in Chile, having a grasp of the requirements needed to remain in good standing with local authorities will be beneficial to your business. Chile is a prosperous high-income country, as highlighted by its gross national income, which reached $24,140 (all figures in USD) in 2019, after three…
Chile – Brutal Tax proposals impacting multinational entities
On 8 November 2019, the Chilean government reached an agreement with the Senate’s Finance Commission to strengthen the government’s social agenda. The three principles of such agreement are:1. To increase tax revenues to fund the Government’s social agenda. 2. To assist the aged population 3. To support SMEs from a tax perspective. This agreement will probably also result in amendments to the original Tax Modernisation Bill submitted by the Government months ago, while other measures will be subject…
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…
