The Chilean Internal Revenue Service issued Letter No. 285 on Feb. 4, clarifying VAT rules for the special construction company credit (CEEC) and urban housing development. The letter confirms that CEEC can be requested at 32.5% or 16.25% if the development is related to housing, and that construction of social housing under state subsidies is not treated as a general construction contract aimed at housing.
CEEC can be requested at 32.5% or 16.25% if the development is related to housing.
Letter No. 285 was issued on February 4, 2026.
No, it is not treated as part of a general construction contract aimed at housing.
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