Chile's tax authority issued Letter No. 24 on Jan. 7 clarifying that VAT payers receiving taxable services from nonresident providers must issue purchase invoices and pay VAT. The letter also requires retroactive invoicing if invoices are not issued in the same tax period as the remuneration. These guidance rules affect Chilean businesses dealing with foreign service providers.
They must issue purchase invoices and declare and pay the VAT to the tax authorities.
The taxpayer must issue the invoices retroactively.
On Jan. 7 (year not specified in the article).
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