Chile Tax Agency Seeks Comments on Draft Circular on VAT Rules for Open-Air Market Vendors

Aug. 5, 2025, 5:00 AM UTC

The Chilean Internal Revenue Service July 30 opened a consultation on a draft circular to establish rules for implementing a new simplified VAT regime for vendors in open-air markets, introduced by Law No. 21,745, which entered into force Aug. 1. The draft circular includes measures to: 1) provide essential aspects of the regime, including the option for voluntary participation and the removal of sales limits; 2) clarify the scope of the 1.5 percent substitute tax rate for sales paid through authorized electronic methods, which is withheld by the payment operator and declared monthly without deductions; 3) exempt vendors from filing ...

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