Chile’s Internal Revenue Service (SII) will shift VAT collection from non‑resident sellers to Chilean financial institutions starting 1 June 2026, imposing a 19 % withholding rate on eligible transactions. The first list of non‑compliant digital VAT taxpayers will be published 15 June 2026, with financial institutions required to file monthly Form 29 and a semiannual report by the last business day of February 2027.
A 19 % withholding VAT rate applies to eligible transactions.
The list will be published on 15 June 2026 and is effective from 1 July – 31 December 2026.
Financial institutions must file Form 29 each month.
The first semiannual report is due by the last business day of February 2027.
Withholding does not apply if the purchaser proves Chilean VAT registration.
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Bloomberg Tax · 16 days ago
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Bloomberg Tax · about 1 month ago
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WTW · 3 days ago
Mexico amended its Federal Revenue Law on 7 November 2025, removing insurers’ ability to recover 16% VAT on goods and services used in covered major medical treatments. The change is retroactive from 1 January 2025 and is expected to raise major medical costs by 10‑12%, potentially increasing loss ratios by 8‑12% and overall captive costs by over 20%.
