Law No. 21,713, published in the Official Gazette on 24 October 2024, implemented changes regarding Value-Added Tax (VAT) among various measures focusing on tax compliance.
The key changes are as follows:
- The law removes the VAT exemption for imported goods under USD 41;
- For sales up to USD 500 of tangible goods located abroad and purchased remotely by the buyer, who is not a VAT taxpayer, the new law considers these items to be located in Chile for tax purposes. Therefore, the transacti…