VAT is declared exclusively online through the Digital VAT Portal that the Internal Revenue Service has enabled on its website (sii.cl).
The declaration must be made using the Digital VAT Form (F129). For declarations in foreign currency, payments must be made using a SWIFT transfer (international interbank transfer).
To fulfill the obligation, it is not enough to just send the tax return. The tax must be paid within the legal term.
The taxable base for VAT purposes corresponds to the total amount of payments received, whatever its nature, for the provision in Chile of taxed services.
For instance, the tax base in the case of intermediation services would be the commission charged by the respective provider, or any other income received. On the other hand, the tax base associated to the provision of digital content such as videos, music, games or others, would be the value paid by the consumer, which could correspond to a price or rate.
In this field can be registered the corresponding VAT due to discounts, cancellation or termination of services, provided the respective VAT has been returned to the consumer. If so, this amount will be automatically deducted from the tax to be paid.
As an example: a consumer claims against his streaming service provider for services charged, but not received, in the amount of US $ 20 (net of tax). The service provider returns the $ 20 to the consumer. Therefore, the amount to be recorded by the provider in the Rebates field will be US $ 3.8 (US $ 20 * 19%).
The tax amount is the result of applying a 19% on the tax base. This calculation is automatically done by the system once a F129 return is made.
The filing and payment terms of the F129 depend on the periodicity the taxpayer chooses at the time of obtaining its User Number through the Digital VAT Portal. The periodicity refers to the tax period to declare, where “tax period” is understood as a period of one or three months in a row.
If a monthly tax period is chosen, filing and payment of the F129 must be made during the first twenty days of the month following the tax period that is filed. For instance, if the remote services provided during March of a given year were being declared, the term for filing and paying is from the first to the twentieth day of April of the same year.
Now, if a quarterly tax period is chosen, filing and payment of the F129 must be made during the first twenty days of the month following the tax period that is declared. For example, if the remote services provided during April, May and June of a given year were being declared, the term to file and pay is from the first to the twentieth day of July of the same year.
It is not possible to resume the entry of information in a F129 form since the entered data will only be available in the case that the return had been sent.
F129 must be filled only if income from services rendered in Chilean territory has been received in the respective tax period.
The system automatically displays a filing certificate when it is filed. Now, if you want to obtain a certificate or a copy of the filing of the F129 form, you must enter the Portal “Check Status” menu. In this menu it is possible to consult the current status of tax returns, by tax period, and obtain filing certificates of an F129 form for the period selected.
You cannot amend your tax return automatically. You will have to submit a request to ivasd.chile@sii.cl.
If there is a VAT remmant of a tax return from a previous period, this amount will be automatically displayed in “VAT Remnants from previous periods " (code 201) of the F129 form to file.
Payments for declarations in foreign currency must be made through a SWIFT ("Society for Worldwide Interbank Financial Telecommunication") transfer using the data that is automatically displayed when sending the tax return. Every time an F129 is sent, the data will be displayed to make the payment. It is very important to correctly complete the information required to successfully carry out the SWIFT transfer, otherwise the payment cannot be identified and the filed tax period will be recorded as debt.
Transfers via SWIFT correspond to an international interbank transfer which are identified by a SWIFT code, also called the BIC ("Bank Identifier Code") consisting of an 8 or 11 digit alphanumeric code that is used to identify the receiving bank when making an international transfer.
Payments in the case of declarations in Chilean pesos are made online after an F129 has been submitted.
In code 70, the User Number must be registered, followed by the name of the form, tax period and Folio. For example:
556545253-F129-202006-853201533. This identifier is automatically shown in the informative window that is displayed once the declaration has been sent in order to proceed with the payment via SWIFT transfer.
In code 71-A, the word “OUR” (in capital letters) must be registered, which indicates that the Bank will pay in full to the General Treasury of the Republic of Chile.
It is important that this information is recorded every time a tax return is filed, otherwise it will not be possible to correctly identify the issuer of the payment and the filed period will be recorded as debt.
Note that is important to send the transfer with enough time to allow the payment to be processed within the legal deadline.
Payments can be made in US dollars, euros or Chilean pesos. The currency to be used must be selected at the time of obtaining the User Number through the Registration Form. It is important to consider that once the payment currency has been selected, changes to this parameter can only be requested between January 21 and January 31 of a given year.
In the Check Status option you can review the status of the tax returns (F129) by tax period.
| Status | Meaning |
|---|---|
| No current Tax Return | No return has been submitted for this tax period. |
| Tax Return in force without payment | There is a tax return in force in the period consulted, but there is no payment associated with this return. |
| Tax Return in force with partial payment | There is a tax return in force in the period consulted, but there is no full payment associated with this return. |
| Tax Return in force with full payment | There is a tax return in force in the period consulted, with full payment associated with this return. |
The Check Status option shows, additionally, the following options:
* Debt information appears only if there is debt.
** The information to make the Swift transfer appears only if the tax return payment has not been received or was received incompletely.
Taxpayers that, due to errors in the determination of the taxable base or due to improper deductions, submit an F129 with a lower taxable base than the one that effectively corresponds, must file a new return and pay any tax difference. To do this, taxpayers must go to Tax Return/Check status options and select the respective tax period. It should be noted that, if the amendment is made after the deadline, penalties and interest will be applied.
It is important to note that you cannot amend a tax return for an amount less than previously declared. For more information, inquiries can be sent to ivasd.chile@sii.cl.
Debt can be generated in the following situations:
The legal term to which the preceding numerals refer, corresponds to the 20th of the month following that in which the tax is accrued.
It can be done in the same SWIFT transfer of your declaration of the F129. For this, the information of the balance due will appear in the code [300] of the form and will be added to the total amount to be paid.
When presenting debt, the information data to carry out the SWIFT transfer will show a breakdown of the amount to be paid, differentiating the tax payable for the period and the total balance owed.
It can be done in the same SWIFT transfer of your declaration of the F129. For this, the information of the balance due will appear in the code [300] of the form and will be added to the total amount to be paid.
When presenting debt, the information data to carry out the SWIFT transfer will show a breakdown of the amount to be paid, differentiating the tax payable for the period and the total balance owed.