- Chile’s Internal Revenue Service has issued Resolution No. 133 on December 26, 2024
- The resolution sets the daily interest rate for late tax payments
- This follows amendments by the Law on Compliance
- Changes affect the determination and application of moratory interest on taxes or contributions not paid within the legal deadline
- New rules will be effective from January 1, 2025
- Moratory interest will be calculated based on the current interest rate for operations of a year or more, adjusted in national currency, and not exceeding 2000 development units
- This rate will be increased by 3.5 percent
- Interest for each day of delay will be calculated on values adjusted according to the consumer price index changes from two months before the due date to two months before the payment date
- The semiannual interest rate applicable will be divided by 360 and multiplied by the number of days late to determine the penalty interest
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.
