Chile’s Internal Revenue Service (SII) will shift VAT collection from non‑resident sellers to Chilean financial institutions starting 1 June 2026, imposing a 19 % withholding rate on eligible transactions. The first list of non‑compliant digital VAT taxpayers will be published 15 June 2026, with financial institutions required to file monthly Form 29 and a semiannual report by the last business day of February 2027.
A 19 % withholding VAT rate applies to eligible transactions.
The list will be published on 15 June 2026 and is effective from 1 July – 31 December 2026.
Financial institutions must file Form 29 each month.
The first semiannual report is due by the last business day of February 2027.
Withholding does not apply if the purchaser proves Chilean VAT registration.
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Edicom Group · 15 days ago
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