Calculating additional VAT refund: Change of criteria

Through Official Letter No. 2908 of November 23rd of this year, the Chilean Internal Revenue Service (SII, for its initials in Spanish) rectified what was stated in Official Letter No. 2381 of 2023, in which it was indicated that income from dividends or capital gains in the sale of shares or corporate rights had to be considered for the calculation of the VAT refund under article 27 bis of said Law.

In this regard, it is clarified that the income obtained from dividend distributions does not correspond to “operations” understood in the terms of the VAT Law. In this way, they should not be considered for the calculation of the restitution and, consequently, there is no obligation to report them monthly on Form F29.

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