Introduction
In an effort to improve tax compliance, Chile’s Internal Revenue Service (SII) has implemented, since 2023, an automatic extension for the filing of Transfer Pricing returns.
Extension of the current deadline
Previously, the legal deadline was June 30, and taxpayers had to expressly request an extension. However, as of 2023 and in accordance with 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 tax returns:
- Form 1907 (Transfer Pricing)
- Form 1937 (Country by Country Report)
- Form 1950 (Master File)
- Form 1951 (Local File)
Public-private cooperation
This regulatory change emerged after monthly meetings between the SII and the main accounting associations. As a result, the extension of the deadline represents a tangible step forward in facilitating tax compliance.
Benefits for taxpayers
- Flexibility: taxpayers have up to three additional months.
- Administrative efficiency: avoids the need to process extension requests.
- Reduction in penalties: reduces the risks of late filing.
Next steps for your company
- Check whether you need to file any of the above returns before September 30.
- Prepare in advance to submit all necessary documentation between July and September.
- If you have any questions, consult your tax advisor or TPC Group to ensure proper compliance.
Call to Action
TPC Group is at your disposal to accompany you in this process. If your company has operations with related parties abroad, do not hesitate to contact us to coordinate your filing in a timely manner and avoid penalties.
- 📞 +56 2 2940 2125
Source: Internal Revenue Service, June 18, 2025