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Chile VAT Update: Requirements for Invoices and Documents Clarified by Tax Authority

  • Chilean tax authority issued Exempt Resolution No. 36 updating requirements for tax documents
  • Requirements apply to invoices, dispatch guides, purchase invoices, and invoice liquidations
  • Description of products or services must be clearly indicated
  • Description exceeding 80 characters must be continued in “Additional Description” or “Description” field
  • Non-compliance can result in penalties, fines, and potential closure of business

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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