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Tax Insights

Tax Insights

News and analysis for informed decision-making.

New invoice and delivery note requirements will take effect in May 2027

Starting May 1, 2027, the SII will implement new requirements for invoices and dispatch notes that support the transport of goods.

SII Exempt Resolution No. 144, published on 23 October 2026, introduced new requirements for invoices and delivery notes supporting the transport of tangible movable goods. The SII subsequently confirmed that it will take effect on 1 May 2027, allowing taxpayers and their invoicing systems a transition period.

What changes. The update replaces the previous rules and focuses on ensuring that documents supporting the transport of goods contain the required information and properly accompany the shipment. It particularly affects businesses with warehouses, own deliveries, distributors, carriers and inter-branch operations.

What to review. Sales, logistics and document-issuance flows should be reviewed in advance. Businesses should validate that their ERP, invoicing software and dispatch procedures can issue the correct documents at the correct time with the required information. Preparing before May reduces compliance and audit risks.

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Source: Original publication https://www.sii.cl/normativa_legislacion/resoluciones/2026/res_ind2026.htm

SII opens public consultation on seven circulars under the Reconstruction Act

The SII opened a public consultation for seven draft circulars aimed at implementing the National Reconstruction and Economic Development Law and

Chile’s Internal Revenue Service (SII) has opened public consultation on seven draft circulars setting out instructions for measures under Act No. 21,850 on National Reconstruction and Economic and Social Development. The consultation remains open until 17 November for six drafts and until 18 November for the draft concerning amendments to the Tax Code.

What changes. The topics include a temporary 50% reduction in gift tax, a temporary VAT exemption for new homes, the special DFL 2 regime, the removal of the single tax on capital gains, the progressive reduction in corporate income tax and requirements for exporters applying for cessation of activities. Rules are also proposed for information requests to State bodies.

What to review. Although the circulars are still drafts, they anticipate how the SII will apply these rules. Businesses, individuals undertaking estate planning, real-estate investors and exporters should now assess whether the measures may affect their 2026 and 2027 decisions. The consultation is also an opportunity to identify operational questions before final publication.

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Source: Original publication https://www.sii.cl/noticias/2026/051126noti02pcr.htm

Substitute single tax on accumulated profits is now in force

The 10% IUSIF (Law No. 21,850) has been in effect since October 2026 for accumulated profit balances (FUR, STUT, and excess withdrawals), allowing these to be withdrawn without being subject to the Global Complementary Tax or the Additional Tax.

As of 17 October 2026, the Substitute Single Tax on Final Taxes is in force. It applies to certain accumulated balances of reinvested profits, taxable profits and excess withdrawals. The measure forms part of the transitional provisions of Act No. 21,850 and carries a 10% rate.

What changes. The mechanism permits the advance payment and substitution of final taxation linked to those balances, subject to the conditions established by law and SII operating rules. The authority has already issued the form to declare and pay this tax, making it important to review the composition of corporate tax records carefully before deciding.

What to review. This is not an automatic alternative for every business. The financial impact, the owners’ position, available credits and the regime’s time limits should be modelled. A prior assessment will determine whether the substitute payment offers a real advantage compared with taxation arising on a future distribution.

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Source: Original publication https://www.sii.cl/destacados/ley_reconstruccion/

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