On March 27, 2025, the Chilean Treasury1 (hereinafter “TGR”) and the Chilean tax authority2 (Servicio de Impuestos Internos in Spanish, hereinafter “Chilean IRS”) published the 2024 tax season calendar (with relevant dates) related to the 2024 individual income tax return process. The calendar sets the dates according to which tax refunds will be made – they are related to the date that the annual return is filed – and the alternatives for receiving a refund (bank account deposit or check).
WHY THIS MATTERS
For those taxpayers who comply with their tax filing obligation within the first days of April, their tax refunds (if applicable) will be paid on April 25, 2025, instead of in May as has been the case in prior years. However, those taxpayers that requested the tax refund before April 8, 2025, are not be able to “replace” the annual tax return through the website (www.sii.cl). In contrast, this had been an option that the Chilean IRS had allowed in prior years (the procedure was carried out during the last days of April).
It is important to highlight that there are no filing extensions in Chile. Therefore, all taxpayers and, where applicable, their tax service providers should be aware of the current tax filing period and take action to meet the deadline as appropriate, since penalties could apply in case of a late filing as well as a failure to file.
More Details
Annual Tax Return with a Balance Due
- The tax return can be filed from April 8 to April 30, 2025.
- The due date for filing and payment is April 30, 2025, with no possibility of extension.
Annual Tax Return with a Tax Refund or Zero
- The tax return can be filed from April 1 to May 9, 2025.
- The deadline is May 9, 2025.
- Please find below the tax refund dates based on the payment method and the filing date of the tax return:
Tax Return (Form 22) Filed Between | Estimated Refund Dates | |
Bank Deposit | Cash and Check Payment | |
April 1st to April 8th | April 25th | May 30th |
April 9th to April 21st | May 14th | |
April 22nd to April 28th | May 23rd | |
April 27th to May 9th | May 30th | |
- The bank deposit is only made if the taxpayer has a bank account in Chile. It is not possible to make a deposit to a foreign account.
- In case that taxpayer does not provide his/her bank account on Form 22, there are two options:
- If the tax refund is equal to or less than CLP 3,000,000, it will be available as of May 30 at any BancoEstado o ServiEstado office.
- If the tax refund is equal to or greater than CLP 3,000,000, the TGR will issue a check on May 30 and send it to the taxpayer’s address registered with the Chilean IRS at the time of filing his/her tax return (Form 22).
Other Relevant Deadlines3
- Sworn Statement N°1887: Wages and withholdings certificate that is due by March 28, 2025. This is an employer statement in which the Chilean entity informs the Chilean IRS about the taxpayer’s salary and any withholdings made during the year.
- Sworn Statement N°1929: An additional filing obligation with a due date of June 30, 2025, which could apply to foreign individuals with more than three years of residence in Chile and Chilean citizens residing in the country who had investments and income abroad during the 2024 calendar year.
KPMG INSIGHTS
Employers and tax professionals that provide tax services for a company’s employees should already have issued communications on the tax filing deadlines to those employees and any changes in procedures to be followed. If they have not done so already, they should take steps to do so with minimal delay.
If taxpayers and/or their employers have concerns about this year’s filing deadlines for tax returns and/or how to handle refund procedures, they should contact their usual tax service professional or a member of the GMS tax team with KPMG in Chile (see the Contacts section).
FOOTNOTES:
1 (In Spanish) Tesorería General de la República, “Operación Renta: SII y Tesorería lanzan calendario y explican los principales cambios que trae la declaración de impuestos” .
2 (In Spanish) Servicio de Impuestos Internos, “Operación Renta Personas 2025” .
3 (In Spanish) Servicio de Impuestos Internos, "Instrucciones detalladas para la confección de Declaraciones juradas A.T. 2025".
Contacts
More Information
Disclaimer
The information contained in this newsletter was submitted by the KPMG International member firm in Chile.
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