Requirements to benefit from the new VAT exemption for professional partnerships from 2023

Requirements to benefit from the new VAT exemption for professional partnerships from 2023

As we published a few months ago in the note "VAT on professional services: Real scope of the tax reform", the tax reform of 2022 (Law No. 21,420) established that, as of January 1st, 2023, all services provided or used within the national territory will be subject to the Sales and Services Tax (“VAT”), except those expressly exempt.  In this line, together with the modification indicated, Law No. 21,420 incorporated a new exemption: from January 1st, 2023, the income of professional partnerships will be exempt from VAT, even when they have chosen to declare their income according to the norms of the first category.  Thus, it is important...

read more
Tax Reform 2022 Comparatives

Tax Reform 2022 Comparatives

We share the link to our website www.reformatributaria2022.cl which contains different documents and analyzes on the 2022 Tax Reform project, including the latest amendments. Here, the comparatives that our tax team has prepared.

Changes to the Electronic Compensation Book

Changes to the Electronic Compensation Book

In October 2021, the Electronic Compensation Book (hereinafter, "LRE") became a mandatory monthly record on the platform enabled by the Labor Directorate (hereinafter, "DT") for all employers with five or more workers, replacing the obligation to carry said book in stamped...

Transitory exchange rates for means of payment

Transitory exchange rates for means of payment

On Saturday, February 5th, 2022, the Committee for the Setting of Limits on Exchange Rates published in the Official Gazette the first transitory limits for interchange rates, applicable to all card transactions in Chile. This committee was created by the Constitutional Court...

Opinion article on Domicile and Tax Residence

Opinion article on Domicile and Tax Residence

Diario Financiero publishes today the opinion column of our Tax associate, Lucas Ortega, on the effects of the acquisition and loss of tax domicile that the Chilean IRS regulated at the end of 2021 with circular 63/2021. To read the column, here.

Social media & sharing icons powered by UltimatelySocial
LinkedIn