A very common topic, that we have to explain to our customers is the taxation of vehicles in Chile. In Chile, unlike in Europe, a company cannot buy any car. Vehicles recognized as company cars are trucks, pick ups and jeeps, unless the company’s object is car rental. Therefore, if a company buys a vehicle … Continue reading »
Filed under Chile …
Residence permit as an investor in Chile
In Chile is possible to obtain a resident permit as investor. Foreigners can either apply for a visa after having a company formed in Chile or even before they formed it. If the investment is in a stage of an idea, then a description of the project must be summited. This description must include … Continue reading »
D.S. No. 78 Chilean Regulation for the Storage of Hazardous Substances
On September 11th 2010, DS No. 78 was published in the Official Gazette of the Ministry of Health which approves the Regulation for the Storage of Hazardous Substances. Scope of Application This Regulation will apply to the storage of hazardous substances. The term of hazardous substances refers to those substances identified as such by the … Continue reading »
The new Ministry of Environment and the Environmental Superintendence
LAW THAT CREATES THE MINISTRY OF ENVIRONMENT, THE ENVIRONMENTAL SUPERINTENDENCE AND MODIFIES THE STATUTE 19.300 On January 26th, 2010, Statute 20.417 was published creating the Ministry of Environment and the Environmental Superintendence, hoping to spur the protection of the environment and correct the weaknesses detected during the implementation of the Statute 19.300. In order to … Continue reading »
Law concerning the closure of mining facilities
On November 11th, Statute 20.551 was published in the Chilean Official Gazette, which regulates the closure of mining facilities. The Statute aims to repeal the regulations that exist in the Code of Mining Safety (Reglamento de Seguridad Minera). A system was implemented which demands mining companies to have an approved plan by Sernageomin (a governmental … Continue reading »
Precautionary measures in Chilean Civil Procedures
Precautionary measures can be granted by the Court either before the trial begins or during the trial, when there are grave and qualify motives (art. 279 Civil Procedure Code) to believe that the defendant may be in serious trouble to fulfill his obligations if he is defeated. If the precautionary measures request is filed before … Continue reading »
Collecting invoices in Chile
In Chile there is a special procedure to collect unpaid invoices, if there have not been paid at due date and if there is no due,date, within 30 days of the receipt.- In accordance to law 19.983 the invoices shall be notified judicially. After the notification the defendant can only argue that he returned the … Continue reading »
Admission of equipment for a limited period of time
If someone brings to Chile equipment for commercial uses in Chile, all the customs duties and taxes of such equipment should be paid before the equipment enters the country, notwithstanding if you bought, leased or just borrowed the equipment. (ingreso definitivo) If the equipment will remain in Chile for only a certain amount of time, … Continue reading »
Import from Chile and taxes
In Chile equipment can be brought in, either definitely or for a couple of days or months. If someone wishes to bring equipment for less than 6 months, then temporary entrance of the equipment is advisable, because you pay only a percentage of the duty and taxes you paid in a normal entrance. The downside … Continue reading »
Transfer pricing in Chile
During the last time transfer pricing has gain increasing importance in Chile, because the Chilean tax administration has requested different agencies and companies, that are part of multinational enterprises to give a statement on oath about the system used to determine their prices of the intercompany transactions. The income tax law (DL 824) establishes on … Continue reading »
