5 Major Developments in Chile

5 Major Developments in Chile

• Chile live e-invoice reporting – DTE

• Changes in the Electronic Ticket for Sales and Services

• Chile VAT on Digital Currencies

• Chile changed the minimum amount required for issuing simplified invoices

• VAT Guide for Businesses with Customers in Chile

Country Guides

• VAT Guide for Businesses with Customers in Chile

Cryptocurrency and NFT

• Chile VAT on Digital Currencies

• Chile: Tax Authority provides clarity on taxation of digital currency transactions

E-Commerce / Electronic Services

• VAT digital services B2C non-residents: Educational journals and consumer and news journals included

• Chile: Digital magazines subject to VAT; other direct and indirect tax developments

E-invoicing

• Chile live e-invoice reporting – DTE

Exemption

• Tax Authority provides clarity on taxation of digital currency transactions

Fiscalization

• Changes in the Electronic Ticket for Sales and Services

Importation

• Chile Tax Agency Clarifies VAT on Contract for Import, Export of Electrical Energy

Invoice

• Chile changed the minimum amount required for issuing simplified invoices

Liability (Reverse Charge/Withholding)

• Chile Tax Agency Clarifies VAT, Withholding Tax for Professional Society Receiving Services From Nonresident Providers

Place of Supply

• Chile Tax Agency Clarifies VAT, Withholding Tax for Professional Society Receiving Services From Nonresident Providers

Taxable Transaction

• Chile Tax Agency Clarifies VAT Obligations for R&D Services