Chile Tax Topics

The Chilean tax authority, SII (Servicio de Impuestos Internos) requires all tax legal entities in Chile that are subject to IVA (value added tax) tax law to present a monthly declaration of all credits and debits related to this tax. This declaration is accomplished using the official form called Formulario 29.

If you have a Chile subsidiary and nexus and you have the International Tax Reports SuiteApp installed in your NetSuite account, you can generate the Formulario 29 tax report. The report is available in English and Spanish, and can be used as a source for filling in the official tax form for submission to the tax agency. You can also view sales and purchase reports by tax code.

For more information, read the following Chile tax topics:

• Chile Tax Setup

  • Chile Tax Control Accounts

  • Chile Tax Types

• Chile Tax Codes

  Tax Code Table for Chile

• Chile VAT Report

  What goes into each box - Chile VAT Report

For more information on the International Tax Reports SuiteApp, see International Tax Reports.

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