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Chile Introduces New Penalty Interest Rate for Late Tax Payments in Act 21.713

  • Chile published Act 21.713 on October 24, 2024
  • The Act makes changes to the country’s tax legislation and establishes new rules for compliance
  • Part of the country’s Fiscal Pact for Development
  • Modifies VAT applicable to imports
  • Movable tangible property acquired by Chilean residents abroad will be subject to VAT application

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Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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