Chile: Obligation to issue tax receipts for all transactions, regardless of amount
The minimum amount for which taxpayers must issue tax receipts was reduced from $180 to $1.
The minimum amount for which taxpayers must issue tax receipts was reduced from $180 to $1
The minimum amount for which taxpayers must issue tax receipts was reduced from $180 to $1—effective 1 July 2023.
Taxpayers thus must issue tax receipts for all transactions subject to or exempt from value added tax (VAT), regardless of their amount. For transactions with an amount of $0, as a result of the application of discounts or some other condition of sale or provision of service, the tax receipt must be issued informing the amount of the discount applied.
Read a June 2023 report (Spanish and English) [PDF 1.3 MB] prepared by the KPMG member firm in Chile
Other tax-related topics discussed in this report include:
- Merger of company that indirectly holds assets in Chile
- Test receipts do not constitutes sales subject to VAT
- Application of VAT to receipt of property by society of professionals as payment for services
- Interest derived form mutual credit operation between related parties
- Calculation of savings incentive for companies with annual gross income less than 100,000 UF
- Extension of the payment date of a loan executed after 1 March 2020 and application of the 4% additional tax rate to interest
- Taxation of the sale of non-fungible tokens (NFTs)
- Establishing a permanent establishment in accordance with an income tax treaty and domestic law
- Credit established in the Austral Law
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