On May 2, 2025, the Chilean tax authority1 (Servicio de Impuestos Internos in Spanish, hereinafter “Chilean IRS”) announced that, due to difficulties with the Chilean IRS website and high demand from taxpayers for filing 2024 Chilean annual tax returns, there would be 100-percent forgiveness of the penalties and interest for those who had not filed their tax returns with a balance due by April 30, provided that taxpayers file their tax returns by the new deadline, May 9, 2025. Taxpayers will only have to pay the April inflation adjustment, which is not permitted to be forgiven by law.
WHY THIS MATTERS
Those taxpayers who owe a payment and did not meet their filing tax obligation by April 30, 2025, will have the option to comply with this obligation without penalties or interest.
Therefore, all taxpayers and, where applicable, their tax service providers, should be aware of this extension for filing their tax returns with any payments owed and take action to meet the new deadline, as 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 initial due date for filing and payment was April 30, 2025. However, due to a communication from the Chilean IRS, the extension for the tax returns is May 9, 2025.
KPMG INSIGHTS
Employers and tax professionals that provide tax services for a company’s employees should already have issued communications on the tax filing extension 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 what, if any, liability they may have for interest or penalties, they should contact their usual tax service professional or a member of the GMS Tax Team with KPMG in Chile (see the Contacts section).
FOOTNOTE:
1 See (in Spanish), Servicio de Impuestos Internos, Noticias, "Operación Renta: Aumento del 6% en las declaraciones presentadas y de un 14% en el monto pagado hasta el 30 de abril" (2 de Mayo de 2025) at: https://www.sii.cl/noticias/2025/020525noti01msf.htm.
Contacts
Disclaimer
The information contained in this newsletter was submitted by the KPMG International member firm in Chile.
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