Chile: Guidance on tax issues under “Housing Emergency Plan”; other direct and indirect tax developments
Instructions on tax implications of various legislative amendments carried out in support of “Housing Emergency Plan”
Guidance on tax issues under “Housing Emergency Plan”; other direct and indirect tax
The Chilean tax authority provided instructions on the tax implications of various legislative amendments carried out in support of the “Housing Emergency Plan” to facilitate the execution of urban works.
Read a November 2023 report (Spanish and English) [PDF 1.4 MB] prepared by the KPMG member firm in Chile
Other direct and indirect tax-related topics discussed in this report include:
- Instructions regarding certain value added tax (VAT) exemptions for various activities carried out by rural sanitary service operators
- Deadline for filing various affidavits for FY 2024
- VAT exemption for the administration and maintenance of an educational platform
- Calculation of the higher or lower value obtained in the adjudication of assets in the liquidation of a company
- Tax refund to final tax taxpayer due to increase in the corporative income tax credit
- Tax aspects of the division of a company
- Shareholder remuneration in a closely held company
- VAT on benefits for victims of work accidents
- VAT exemption on the sale of fixed assets and lease of real estate by the Chilean Air Federation and affiliated air clubs
- Tax treatment on imports of legal tender coins and gold bars
- VAT exemption for operations carried out by the University of Chile
- Calculation of the cap of the tax benefit for pension savings made by a natural person
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.