- Chile’s Internal Revenue Service has issued Resolution No. 127 on December 23, 2024
- The resolution lists assets and their market prices for a 2% luxury tax
- The tax applies annually starting January 1 each year
- It affects helicopters, planes, yachts, cars, and similar vehicles located in Chile
- Owners can be either individuals or legal entities as of December 31 of the previous year
- Market value is determined by the Internal Revenue Service or based on acquisition price and general characteristics like brand, model, and year
- The list of taxable assets will be updated quarterly and published on the official website and in the Official Gazette
- Only well-maintained assets considering their year of manufacture are included in the list
- The resolution follows amendments made by Law No. 21.713 to Law No. 21.420, which adjusted tax exemptions and definitions of market value
Source: sii.cl
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.
