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6.3. Depreciation and Amortization

When calculating Chilean taxable income, assets owned by an enterprise must be depreciated over their normal useful life using the straight-line method. The following are the applicable periods (years) of depreciation for various asset types

Depreciable Asset Useful Life (in years)
Solid buildings 80
Semisolid buildings 20 to 50
Buildings of light materials 10
General installations 10
Machinery 15
Heavy tools   8
Light tools   3
Trucks, cars, pickups, station wagons and buses   7
Bulldozers, tractors, caterpillars and other machines used in heavy construction 8
Machines for mining activities 9
Drilling equipment, soldering equipment and similar 6
Computers, computer systems, peripherals and similar items 6

Accelerated Depreciation

Accelerated depreciation is generally optional for new or imported assets with a useful life of 3 years or more. When calculating accelerated depreciation, the useful life is 1/3 of the normal useful life of the asset.

When an asset becomes obsolete, it may be depreciated at twice the normal rate. An asset’s normal useful life may also be shortened for depreciation purposes if it is used either extensively or in the processing of corrosive products or in corrosive environments.


Chile does not allow for the amortization of intangible assets.

COVID-19 Emergency Measures

A 100% depreciation write-off applies for capital goods acquired from 1 June 2020 to 31 December 2022, as well as for intangible assets acquired for the interest, development, or maintenance of a company.