Chile: Guidance regarding tax examinations
Circular letter refers to digitization of taxpayer records and electronic files.
Circular letter refers to digitization of taxpayer records and electronic files.
The tax authority (Servicio de Impuestos Internos—SII) released a circular letter that refers to tax law modifications regarding the relationship between the SII and taxpayers.
The circular letter refers to digitization of taxpayer records and electronic files. There is a reference to measures aimed at facilitating compliance by taxpayers and regarding the ability to require and examine taxpayer information in the possession of the SII, including information that may be commercial or business secrets.
The tax inspection procedure established in article 59 of the tax law provides for a nine-month period in which the tax authority generally is to complete an examination (subject to extension of 12 to 18 months in certain instances). There is also guidance on requiring the appearance of the taxpayer (article 59 bis). In sum, the measures are intended to assist taxpayers in complying with their tax obligations.
The guidance contained in the circular letter also addresses an obligation to provide information (article 33 bis) and the manner how taxpayers must present, together with their declarations, certain tax documents and records, and when the SII may require reports or sworn declarations regarding specific matters and information (whether from the taxpayer or third parties).
Read an August 2021 report (Spanish and English) [PDF 967 KB] prepared by the KPMG member firm in Chile
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.