Tax Compliance
With over 20 years of experience, our Tax Advisory unit is dedicated to delivering comprehensive solutions for both foreign and local clients. Our extensive expertise ensures that we can swiftly understand your operations and address your tax compliance and advisory needs from every angle—legal, accounting, and tax audit—as your strategic local partner.
Comprehensive Tax Compliance Services
Our services encompass a wide range of professional tax-related support, including:
- Full tax compliance services, including monthly and annual filings, assessments, and calculations.
- Representation before the Chilean tax authority, and other tax related institutions.
- Strategic tax planning and day-to-day assistance.
- Comprehensive tax due diligence for ongoing business diagnostics.
- Transfer pricing compliance, planning, and litigation support.
We are committed to providing the expert guidance you need to navigate the Chilean tax landscape with confidence.
Our Tax Compliance Services
Handling the complexities of the Chilean tax system can be daunting. At Chile Business, we offer expert guidance to ensure timely and accurate tax compliance for your business operations in Chile. Our services are designed to relieve you of the heavy burden of tax compliance, helping you avoid fines, audits, and investigations while ensuring precise adherence to all tax regulations.
1. Monthly Tax Statements
We manage your monthly tax obligations, including the calculation and payment of withholding taxes and additional taxes such as VAT. Our services ensure that all indirect tax compliance requirements are met, helping you stay on top of your monthly tax responsibilities.
2. Commercial Activity Formalization
Before starting any commercial or professional activity, businesses must formalize their intentions with the Chilean Tax Authority (SII) after obtaining an ID Tax Number. We assist you in this formalization process to ensure compliance from the outset.
3. Representation before the Chilean tax authority, and other tax related institutions
All companies and foreign shareholders operating in Chile require a local legal representative. In the simplest terms, the representative is the legal “face” of the company who is liable for the local entities’ actions in Chile.
From a practical perspective, the legal representative is essentially the person that the government can hold responsible for or summon to court hearings on behalf of the company should something happen. In the case of a foreign investor / company incorporating a company in Chile, there are two cases when a legal representative is needed.
The first is to represent the foreign shareholder and the person needs to be appointed when registering the foreign shareholder for a local tax number. The second is to represent the local company and the person needs to be appointed when drafting the articles of incorporation in Chile. If the legal representative is changed after the company is already operating, a new power of attorney needs to be provided and it needs to be registered in the bylaws.
4. Annual Tax Statements
We prepare and file annual tax statements for both national and foreign companies and individuals. This includes a thorough review of your taxable income to ensure accurate reporting and compliance with Chilean tax regulations.
5. Mandatory Affidavits
In accordance with tax regulations and the requirements of the Tax Authority (SII), taxpayers must submit various affidavits throughout the year. Non-compliance with these requirements can lead to significant consequences. We assist with the preparation and submission of mandatory affidavits, including:
- Transfer Pricing Declarations: Ensuring compliance with transfer pricing rules.
- Foreign Investment Declarations: Reporting foreign investment activities.
- Real Estate Declarations: Complying with real estate tax obligations.
- Income Tax Declarations: Accurate reporting of all income sources.
- VAT Declarations: Ensuring proper VAT reporting and payment.
Additional Tax Services
Our expertise extends beyond basic compliance. We provide a range of additional tax services tailored to meet the specific needs of businesses operating in Chile.
1. Corporate Income Tax Planning and Compliance
We help businesses navigate the complexities of corporate income tax, ensuring compliance with Chile’s tax regimes. Our services include tax planning strategies to optimize your tax position and minimize liabilities.
2. Personal Tax Services
For individuals domiciled or resident in Chile, we offer personal tax services to ensure compliance with personal income tax obligations. Our services cover all aspects of personal tax, including filing and payment of taxes.
3. Tax Treaty Benefits
Chile has tax treaties with several countries to avoid double taxation and promote international trade. We help businesses and individuals understand and leverage these tax treaties to minimize their tax burden. This includes managing withholding taxes and ensuring that income is taxed only in the appropriate jurisdiction.
4. Real Estate Tax Compliance
Real estate transactions in Chile are subject to various taxes, including stamp tax and final tax. We provide comprehensive services to ensure compliance with all real estate tax obligations, from transaction planning to tax filing.
5. Withholding Taxes
Our services include the calculation and payment of withholding taxes on various types of income, ensuring compliance with Chilean tax laws and regulations.
Tailored Tax Strategies
Every business is unique, and so are its tax needs. At Chile Business, we offer tailored tax strategies to meet the specific requirements of your business. Our team of experts works closely with you to develop customized solutions that align with your business goals and ensure optimal tax compliance.
1. Tax Credits and Incentives
We help businesses identify and claim available tax credits and incentives, reducing their overall tax liability. This includes credits for research and development, investments, and other qualifying activities.
2. Tax Base Optimization
Our experts assist in optimizing your tax base, ensuring that all allowable deductions and credits are utilized. This reduces your taxable income and helps you retain more of your earnings.
3. Compliance with Different Tax Regimes
Chile has various tax regimes that businesses may fall under, depending on their activities and structure. We ensure that your business complies with the appropriate tax regime, whether it involves simplified taxation for small businesses or more complex regimes for larger enterprises.
Why Choose Chile Business for Tax Compliance Services?
Expertise and Experience
Our team of tax professionals has extensive experience in Chilean tax law and international tax compliance. We stay updated with the latest tax regulations and changes to provide you with accurate and reliable services.
Personalized Service
We understand that each business has unique needs. Our personalized approach ensures that we provide solutions tailored to your specific circumstances and goals.
Comprehensive Support
From initial setup to ongoing compliance, we offer comprehensive support to ensure your business meets all tax obligations. Our services cover the entire tax lifecycle, providing peace of mind and allowing you to focus on growing your business.
Proactive Approach
We take a proactive approach to tax compliance, identifying potential issues before they become problems. Our goal is to help you avoid penalties and audits by ensuring timely and accurate tax filings.
Contact us today!
Empower your business expansion in Chile with our expert tax compliance services. Contact Chile Business today to learn more about how we can assist you in navigating the complexities of the Chilean tax system and ensuring your business’s success.