Chile: Assets sold under antitrust rules qualify as fixed assets; other direct and indirect tax developments

Recent direct and indirect tax-related developments

Recent direct and indirect tax-related developments

The tax authority (SII) ruled that assets acquired by a taxpayer for permanent use in operating its business, but that the taxpayer was required to sell under the antitrust rules, still qualified as “fixed assets” for corporate income tax purposes.

Read a March 2024 report (Spanish and English) prepared by the KPMG member firm in Chile

Other direct and indirect tax-related topics discussed in this report include:

  • Value added tax (VAT) on pension advisory services
  • Issuance and declaration of electronic receipts in Affidavit No. 1879
  • Application of the non-discrimination rule of the Chile-United States income tax agreement
  • Application of additional tax on nectars, isotonic beverages, and hypotonic beverages
  • VAT exemption on interest after amendment to the law on money lending transactions
  • VAT exemption for services rendered by independent workers
  • Tax regime applicable to absorbing company in merger


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