Description of products or services being rendered must be clearly indicated
The Chilean tax authority (Servicio de Impuestos Internos—SII) issued Exempt Resolution No. 36, which updates the requirements for the content of various tax documents that value added tax (VAT) taxpayers must issue, including invoices, dispatch guides, purchase invoices, and invoice liquidations. The new instructions became effective on July 1, 2024.
The resolution mandates that the description of products or services being rendered must be clearly indicated. If a description exceeds 80 characters, it must be continued in the "Additional Description" or "Description" field on the same line.
Non-compliance can result in penalties, including fines ranging from 50% to 500% of the transaction value, with a minimum of 2 UTM and a maximum of 500 UTM, and potential closure of the business for up to 20 days.
Read a July 2024 report (Spanish and English) prepared by the KPMG member firm in Chile