Chile is a pioneer in pre-filled VAT returns, with a system in place since at least 2018. Their system, known as Form F29, pre-fills VAT returns using data from sales and purchase invoices including credit notes. This data is likely collected through Chile’s mandatory electronic invoice system, Registro de Compras y Ventas (RCV).
- The Chilean Internal Revenue Service has a permanent policy of using information technologies to implement innovations and simplifications for tax compliance and intelligence.
- Most tax returns are filed electronically, with pre-filled forms for individuals. 95% of income refunds are processed within 30 days.
- The export VAT refund platform processes all requests within 5 working days.
- The SII launched electronic invoicing in 2003 and a pre-filled VAT proposal in 2016.
- The first pre-filled form 29 for VAT and income tax advance payments is based on 40 million monthly electronic invoices. Chile uses a debit and credit earned base system for VAT.
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