VATLive > Blog > Chile > Chile delays VAT payments on COVID-19

Chile delays VAT payments on COVID-19

  • Jun 30, 2020 | Richard Asquith

30 June - Small businesses may receive speedy refunds within 10 days on VAT credits if they can show a >30% drop in sales.

12 May - small businesses will be entitled to deferrals on import VAT incurred up to 30 June 2020. This will be repayable within 12 months.

6 April update - Waiver of interest and penalties for late filing of income tax returns due 30 April 2020 and for monthly value added tax (VAT) returns, when returns are filed on or before 30 September 2020.

23 March - Chile has announced Value Added Tax payment holidays to help businesses during the coronavirus crisis. VAT payments are delayed for small businesses for three months until the end of June 2020. VAT filings must still be submitted on time.

Small enterprises will also be granted speedy VAT credit refunds.

Corporate and income taxes have also been delayed.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2019 Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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