log in
All Articles | Back

Member Articles


Resolution No. 61/202 of Chilean Tax Authority Amends Instructions on Certificate No. 66 on Donations / Supreme Decree No. 1,043 which Contains New Tax Measures 

by Jessica Power, Manuel José Garcés, Andrés Carrasco

Published: July, 2020

Submission: July, 2020

 



Resolution No. 61/202 of Chilean Tax Authority amends instructions on Certificate No. 66 on donations and expenses associated with the global outbreak of Covid-19

July 6, 2020

On June 17, the Internal Revenue Service issued the Resolution No. 61 through which it modified the Resolution No. 49, which creates the certificate that recipients must issue for the donations they receive in the context of the health crisis produced by Covid-19.


According to Resolution No. 61: (i) the issuance of certificates No. 66 are exempt from authorization before the SII and prior control of pages and stamps, and each recipient is obliged to maintain control of their issuance and custody, and (ii) certificates corresponding to donations made before the effective date of this new instruction may be issued until August 31, 2020.


The content of Resolution No. 66 can be reviewed here.


Link to Article.


 


Supreme Decree No. 1,043 which contains new tax measures is published

July 6, 2020

On July 3, Supreme Decree No. 1,043 of the Ministry of Finance was published, which amends two of the measures contained in Supreme Decree No. 420, dated March 30, 2020.


In particular, the new decree states the following:


  • The deadline for paying VAT to be declared in the months of July, August and September 2020 is extended. Taxpayers whose average operations declared before the IRS in the months of April, May and June 2020 have decreased by at least 30% with respect to the average operations declared in the same period in 2019 are eligible for this benefit.

    The deferred VAT will be paid from October 2020 onwards in: (a) 12 equal and successive monthly installments in the case of SMEs; or (b) 6 equal and successive monthly installments in the case of the rest of the companies whose annual income does not exceed UF 350,000, including the income obtained by related entities.


  • Taxpayers who have reduced their taxable income by at least 30% from January to May 2020 in relation to the same period in 2019 are exempted from the obligation to make Monthly Provisional Payments for the months of July, August and September 2020.

The content of Supreme Decree No. 1,043 can be reviewed here.


Link to Article.


 


 


 

MEMBER COMMENTS

 

 

WSG Member: Please login to add your comment.

    Disclaimer

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2020