Chile’s Act 21.713: Tangible property located abroad acquired by Chilean consumers deemed to be situated in Chile and in scope of VAT

• Chile published Act 21.713 on October 24, 2024
• The Act makes changes to the country’s tax legislation and establishes new rules for compliance
• Part of the country’s Fiscal Pact for Development
• Modifies VAT applicable to imports
• Movable tangible property acquired by Chilean residents abroad will be subject to VAT application

Source: dlapiper.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.