Chile Updates UTM and UF Values

Effective for Dec. 2021, the value of one Chilean monthly tax unit (UTM) is 54,171 Chilean pesos (U.S. $65.46), according to the Central Bank of Chile. The value of one UTM as of Nov. 2021, is 53,476 Chilean pesos. Chile’s income tax brackets are based on the monthly tax unit value.

Effective for Nov. 2021, the unit of account (UF) value is 30,762.80 Chilean pesos, according to PREVIRED (Spanish), the body that collects social tax deposits. The UF value for Oct. 2021 was 30,380.53 Chilean pesos, according to PREVIRED (Spanish). The value of the UF on the last day ...