ITE´s electronic payment

by | Jan 16, 2023

Over time, various taxes have gradually migrated to a declaration and payment through the website of the Internal Revenue Service (“SII”) and/or the General Treasury of the Republic (“TGR”), and as of 2023 the tax compliance of the Stamp and Stamp Tax (“ITE” for its initials in Spanish) has been added. 

The ITE, established by Decree Law 3,475, taxes credit operations in money and certain acts and contracts with a rate of not over than 1%, which varies according to the type of document and/or credit term. This tax must be paid and declared, in general terms, by the creditors, unless the latter is a foreigner, in which case the person responsible is the debtor. 

The compliance to declare and pay was established through the F24 (general) or F24.1 (mutual) forms, having to present and pay them at any bank or financial institution authorized for it. The need to have a physical document and coordinate the payment in person on the days and hours of operation of the banks or financial institutions made tax compliance more complex, implying a waste of resources for the subject responsible for the tax. 

Thus, continuing with the objective of facilitating and modernizing compliance with tax obligations, the SII instructed, through Exempt Resolution 128 of December 29th, 2022, that as of this year 2023, the forms F24 and F24.1 could be done by electronic declaration and payment. 

Although there is the possibility of using the platform from the entry into force of the resolution, the SII indicates that without prejudice to this, the ITE may continue to be declared via paper until March 31st, 2023, becoming only by electronic means as of April 1st, 2023. 

How to access?: You must enter the SII page (www.sii.cl), the subject responsible for the tax must authenticate with its RUT and password; then access the “Online Services” section by selecting the “Monthly taxes” option, to finally select “Stamps and stamps tax (F24 and F24.1)”; once on this page, must select the form to declare and complete the required data. 

The ITE, established by Decree Law 3,475, taxes credit operations in money and certain acts and contracts with a rate of no more than 1%, which varies according to the type of document and/or credit term. This tax must be paid and declared, in general terms, by the creditors, unless the latter is a foreigner, in which case the person responsible is the debtor. 

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