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Chile: VAT on online betting and casino platforms; other tax developments

Summary of recent tax developments

August 20, 2026

Ruling No. 1658/2026 provides that in the online betting and casino industry, the VAT tax base includes any amounts paid, deposited, or wagered by users as consideration for those services, without any deduction for prizes paid out. However, to the extent that it is duly substantiated before the Chilean Internal Revenue Service (IRS), the VAT tax base may be determined by deducting from the amounts wagered the prizes that the company was required to pay as a result of bets placed by users.

This remuneration must be determined for each applicable VAT period, whether monthly or quarterly, depending on the option selected by the taxpayer upon registration in the simplified VAT portal.

Read an August 2026 report prepared by the KPMG member firm in Chile

Other tax-related developments discussed in this report include:

  • Chilean tax effects of the corporate migration of an LP (limited partnership)
  • Cross-border contribution of shares
  • Methods for determining the fair market value of intangibles
  • Tax basis upon the sale or redemption of fund units
  • Reporting dividends when maintaining accounting records in a foreign currency
  • Electronic tax documents (DTE) for late payment interest and collection fees on invoices
  • Tax equity and documentation of capital contributions

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