Articles written by this author include Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Professional Employer Organization (PEO) news, Q&A with experts, and more.
Meet Julián Arrayago, Biz Latin Hub’s Senior Corporate Accountant in Chile. In this role, he works to professionally support our clients with the delivery of the highest quality accounting services in Chile, one of our largest and dynamic offices in Latin America. Julián Arrayago, Biz Latin Hub’s Corporate Accountant in Chile. About Julían, our Senior Corporate Accountant in Chile Before joining...
On November 27, India’s Union Cabinet passed a Double Taxation Avoidance Agreement (DTAA) with Chile. This agreement removes the issue of people living in either country being taxed twice on any incomes they earn in the partner country. This is helpful for expatriate taxpayers and international business owners, who can enjoy an improved ease of doing business in Chile and India. Chile and India...
Supported by its abundance in natural resources, strong infrastructure, business-friendly government and well-built macroeconomic system, Chile’s GDP has grown uninhibited over the last 15 years. This has enabled Chile to fully assume its image as a stable and prosperous Latin American country attracting many foreign investors to explore its diverse business opportunities. Business Opportunities...
No one is a stranger to the fact that understanding tax and corporate compliance are essential to the good standing of any business operating globally. Tax law and regulation varies greatly between countries, and for businesses operating in various jurisdictions, complications can arise due to these variations. Chile has many tax and bookkeeping requirements which must be met by all...
Chile is a country that offers multiple business opportunities, thus attracting many foreign investors. As a foreign investor, you have various ways to enter the Chilean market. You can decide on incorporation - establishing a legal entity - or alternatively, you can establish a branch office of a foreign entity or manage your business activities from abroad. Before deciding for any of these...
Chile offers many opportunities for business from its attractive mining industry to its growing startup environment. The Chilean business environment is also attractive to foreign investors. It has an economy with positive growth perspectives, a business-friendly president and well developed financial markets. However, to do business in Chile, one must be aware of the local business/company...
The legalities for running a business in Chile are similar to those of other Latin American countries. However, there are a few differences concerning taxes, documentation, and licensing that are important to note in your research of Chilean business practices. Chile Accounting and Taxation Requirements - Tax Rates Chile has four main taxes: Value Added Tax (VAT), Stamp tax, Customs duties, and...
The time of tax declarations has come for many Latin American countries, and Chile is no different. Both companies and Chilean residents have been able to declare their yearly taxes since 1 April 2018 and the deadline for completing them is 30 April 2018. In a previous article we discussed the tax and accounting requirements in Santiago, Chile. This time we will provide you with an overview on...
When a company decides to move their business into a new market and to open up a new office in a new country, one of the first things to be considered is the country’s tax system. Around the world every country has different tax and accounting systems, some are easier to manage than others. Therefore, when moving into a new market, companies have to determine and understand the country’s...
As a result of the social demands that have been generated in the country by greater public expenditure in areas such as education, a tax reform is already a reality that will increase the revenue in Chile. This article will look at the different aspects of this tax reform, and it´s effect on businesses operating in Chile. Chilean Tax Reform As we have already mentioned in previous entries, as...