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Chile implemented a Value Added Tax regime in 1973. It is termed Impuesto al Valor Agregado (IVA) locally and is subject to the oversight of the Servicio de Impuestos Internos (SII).
Income from supplies of goods or services within the country are generally subject to VAT. This includes imports. Below is a summary of typical taxable transactions:
There is no VAT registration threshold in Chile – the first taxable supply makes registration mandatory. There is therefore no option for voluntary registration.
There is no VAT group scheme in Chile.
Foreign providers of goods or services may register for all taxes, including VAT, as non-residents. They must appoint a local representative. They must apply for a RUT number, as with resident companies.
Businesses providing taxable supplies must VAT register and obtain a tax number Rol Único Tributario (RUT) from the SII. To apply, businesses must complete form 4415, and include:
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