FREE REPORT: BEST PLACES TO RETIRE






    *No spam: We will NEVER give your email address to anyone else.

    Taxes in Chile

    Get Your Free Report Today!


    Learn more about CHILE and other countries in our free, daily Overseas Opportunity Letter. Simply enter your email address below and we’ll send you our FREE REPORT - The 10 Best Places To Retire In

    Taxes For Residents Of Chile

    Reviewed by Kathleen Peddicord

    Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.


    You become tax resident in Chile if you spend more than six months in-country or are domiciled in Chile. If you are a nonresident, you pay taxes in Chile only on your income generated within the country.

    Chile taxes on worldwide income. But, as a new resident, you will pay tax only on Chilean income for the first three years, which can be extended for an additional three years.

    Chile does not tax pensions, retirement benefits, or social security.

    The sales tax (known as IVA) is 19%, and applies to many valueadded items. While you may structure your affairs to minimize other taxes here, you won’t escape IVA.

    For wage earners, the regular income tax is graduated between 0% and 40%. Here’s a snapshot of the tax table, represented in U.S. dollars, at today’s exchange rate of 620 pesos per U.S. dollar. These are monthly income figures (exclusive of retirement and pension income):

    Start Your New Life Today, Overseas

    A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas In

     

    Income Taxes in Chile

    FromToTax Percentage
    $ –$ 938.000%
    $ 938.00$ 2,084.004%
    $ 2,084.00$ 3,473.008%
    $ 3,473.00$ 4,863.0014%
    $ 4,863.00$ 6,252.0023%
    $ 6,252.00$ 8,336.0030%
    $ 8,336.00$ 10,420.0036%
    $ 10,420.00And Up40%

    Business tax is 20% of net profits. Capital gains are taxed at a flat rate of 20%, while the inheritance tax is graduated from 1% to 25%.

    Popular Articles

    No Content Available
    No Content Available

    Chile Articles

    Where To Stretch Your Dollars Overseas

    Halfway through 2024, it’s a good time to take stock of the dollar’s buying power overseas. And this year, there’s a mixed bag of winners and losers. The following countries offer the best “currency bargains” for 2024 so far, including a few markets that saw the dollar lose buying power this year but are still a good buy by historic standards. (This report analyzes the dollar’s performance in 2023… but to assure it’s current, I’ve extended the window through March 2024.)...

    Read more

    Get Your Free Report Today!


    Learn more about CHILE and other countries in our free, daily Overseas Opportunity Letter. Simply enter your email address below and we’ll send you our FREE REPORT - The 10 Best Places To Retire In

    Sign up to receive the FREE daily e-letter, Overseas Opportunity Letter and we’ll immediately email you our editors’ latest research report…

    RETIRE OVERSEAS AND LIVE LIKE ROYALTY

    ;