 Taxes in Chile are in almost every form much lower than most countries around the World. The tax system is fair, efficient, and corruption free. Among the many tax advantages of Chile, Chile has the lowest personal income tax of any OECD member country, foreign pensions are tax free in Chile, companies based in Chile but selling in other countries with no plans to establish operations in Chile pay no tax on their foreign sales and receive other special Chilean tax breaks, new permanent residents in Chile receive a three year tax holiday on all foreign sourced income outside of Chile. In certain circumstances the Chilean IRS ( Servicio de Impuestos Internos Chile or Sii ) has even granted longer special income tax wavers to foreigners residing in Chile, but receiving income from outside the country. These are just a few of the advantages of living and doing business in Chile in regards to Chilean taxes. In order to fully enjoy all the tax benefits of Chile, careful advance tax planning in required. The Chilean tax attorneys and other experts of Spencer Global can assist you with navigating Chilean Tax law in careful coordination with your other plans for living in Chile or doing business in Chile. Chile Tax Law Services:
SPECIAL LEGAL NOTICE TO U.S. RESIDENTS AND CITIZENS
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Tax Law Chile
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Chile does not impose income tax on foreign pensions or social security of foreigners with residency in Chile. This is in addition to other tax benfits for new residents of Chile, such as the three year foreign income tax exemption or any dual tax treaties that may exist between Chile and other countries.
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Tax Law Chile
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The Chilean RUT number or Tax payer identification number is issued by the Chilean IRS office. You do not need to be a resident of Chile to receive a rut number or even visit Chile to receive one. The RUT number is required to make all major purchases of property in Chile including cars and real estate. Brief Explanation of what it is and how to obtain one.
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Read More: Obtaining a RUT in Chile
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Tax Law Chile
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On February 10th, 2010 the United States and Chile announced the signing of a formal tax treaty eliminating many personal income tax and corporate income for residents of Chile and the United States. This treaty has yet to be ratified, but promises to decrease or eliminate many taxes in both countries and dramatically increase trade between Chile and the United States. Attached is a copy in English of the U.S. and Chile tax agreement and the original announcement by the U.S. Treasury Department in English.
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Read More: Chile Double Taxation Treaty
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