Introduction
To improve tax compliance, the SII (Servicio de Impuestos Internos – Internal Revenue Service) in Chile has been automatically extending the deadline for filing Transfer Pricing affidavits since 2023.
Extension of the Current Deadline
Previously, the legal deadline was June 30, and taxpayers had to request an extension expressly. Conversely, as of 2023, according to Resolution 64 of June 2024, the SII allows automatic filing from July 1 to September 30 without requiring any additional paperwork. This benefit applies to the following affidavits:
- Form 1907 (Transfer Pricing)
- Form 1937 (Country-by-Country Report)
- Form 1950 (Master File)
- Form 1951 (Local File)
Public-private Cooperation
This regulatory amendment arose after monthly meetings between the SII and the principal accounting associations. Hence, extending the deadline is a tangible step forward in facilitating tax compliance.
Benefits for Taxpayers
- Flexibility: Taxpayers have up to three additional months.
- Administrative efficiency: No need to manage extension requests.
- Reduction of penalties: Reduction of late filing risks.
Next Steps for Your Company
- Check if you need to file any of the above statements before September 30.
- Prepare in advance to file all necessary documentation between July and September.
- For any questions, consult your tax advisor or TPC Group to ensure proper compliance.
Call to Action
TPC Group is at your disposal to assist you in this process. If your company has related-party transactions abroad, please do not hesitate to contact us to coordinate your filing promptly and avoid penalties.
- 📧 contacto@tpcgroup-int.com
- 📞 +56 2 2940 2125
Source: Internal Revenue Service, June 18, 2025