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Chile’s New Tax Amnesty Guidelines: Public Consultation and Implementation Details

  • Chile’s Tax Administration is consulting on voluntary tax amnesty guidelines for foreign income and assets
  • Draft Circular 3042 has been published for public comments until 12 November 2024
  • The circular includes provisions on filing returns, qualifying assets, proof of income origin, bringing assets into Chile, valuation rules, requesting information from financial institutions, and reporting procedures
  • The guidelines also explain notices, declarations, and consequences of the tax amnesty period’s end.

Source: regfollower.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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