Chile » Taxes

VAT	Real Estate Tax	Personal Income Tax

VAT

Chile imposes a VAT of 18% on most goods and services.

Real Estate Tax

A 2% tax is assessed on the fiscal valuation of real estate each year on January 1st, and adjusted on July 1st, according to the increase in the Consumer Price Index. Real estate taxes are payable in four instalments: April, June, September, and November.

Personal Income Tax

Resident foreigners are taxed on all income, and tax rates, though falling, are high. In 1995 the top marginal rate was 48% on annual income exceeding US$75,000. This rate fell to 45% in 1996.