Introduction
The SII (Servicio de Impuestos Internos – Internal Revenue Service) of Chile has issued SII Exempt Resolution No. 64 of 2024, which extends the filing deadlines for affidavits related to Transfer Pricing. This measure is essential for taxpayers under this regime, giving them more time to comply with their tax obligations.
Resolution Details
On June 7, 2024, the SII Exempt Resolution No. 64 was published, which extends the filing deadline for the following affidavits in Transfer Pricing:
- Form No. 1907: Affidavit Transfer Pricing.
- Form No. 1937: Affidavit Country by Country Report.
- Form No. 1950: Annual Master File Affidavit.
- Form No. 1951: Annual Local Report Affidavit.
Extended Deadlines
Those taxpayers filing their statements between July 1 and September 30 of the current tax year will have an automatic extension of three months. This measure is crucial to facilitate tax compliance and avoid penalties for non-compliance.
Tax Period Extension
In addition to the filing extension, the audit deadline is also extended on the same terms. It provides additional time for taxpayers to prepare for possible SII audits.
Importance for Taxpayers in Chile
SII Exempt Resolution No. 64 of 2024 is a significant measure for companies subject to Transfer Pricing regulations in Chile. Extending the filing and auditing deadlines offers greater flexibility and security to taxpayers, allowing them to comply with their obligations accurately and completely.
Contact TPC Group
At TPC Group, we understand the importance of complying with tax regulations efficiently. Our team of Transfer Pricing experts can provide customized advice and ensure your statements are filed correctly.
Contact us today for further information and assistance in complying with your tax obligations.
Source: SII Exempt Resolution No. 64 of 2024.
