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Chile Establishes Procedure for Payment of Luxury Tax

|Approved Changes|Chile
Chile

Chile's Internal Revenue Service (SII) has published Resolution No. 9 of 16 January 2025, which establishes the procedure for levying and collecting the 2% annual tax on the market price of certain "luxury" goods located in Chile, owned by natural or legal persons, including helicopters, aircraft, yachts, and certain automobiles. The tax is levied on assets owned on 31 December of the previous…

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