A report containing direct and indirect tax-related topics
The tax authority (SII) ruled in Ruling No. 1251/2024 that "conceptual engineering" services constituted organizational/start-up expenses and were not part of the taxpayer’s direct cost of constructing a plant for production of green hydrogen. As such, the costs were not eligible for the benefit contained in Article 27 bis of the value added tax (VAT) law, which allows a refund of VAT imposed on costs incurred for services included in the cost of a taxpayer’s fixed assets.
Read a July 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: