Chile Tax Agency Issues Resolution Clarifying Procedures on Documenting, Identifying Payers in Sales Transactions

The Chilean Internal Revenue Service April 7 issued Resolution No. 44, clarifying the procedures on documenting and identifying payers in sales transactions. The resolution includes that: 1) taxpayers who make sales to non-VAT payers must issue an electronic sales and services invoice, recording the identity of the payer, if the transaction amount exceeds 135 account units (UF); 2) taxpayers who only operate with electronic payment vouchers using the document issuance model must register in an electronic receipt issuance system for compliance purposes; 3) the 135 UF threshold will be determined annually in Chilean pesos, according to the value of the ...