Chile’s Tax Compliance Bill: VAT on Low-Value Imports Approved by Congress and President’s Signature Awaited

• Chile’s Tax Compliance Bill has been approved by Congress
• VAT will be imposed on low-value consignments of goods imported directly to consumers
• Consignments at or below US$500 will attract VAT at online checkout
• Sellers will have to register for VAT and submit returns and remittances
• Failure to register will result in payment service providers withholding the VAT

Source: vatcalc.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.