Fynsa
The first half of 2024 is coming to an end and the winter vacations are just around the corner. And to enjoy a few days of rest, more and more people are opting to travel to destinations outside Chile.. Something similar happens with investments.
In today's globalized economy, international markets offer multiple investment alternatives. investment alternativesdiversification of portfolios, returns and associated risks.
This option entails a series of effects and tax obligations for taxpayers in Chile for taxpayers in Chile, both when making investments in other countries, as well as in the way their results are computed.
See more details in this video:
DJ 1929: Foreign operations
Currently, our tax legislation contains multiple rules and provisions that oblige taxpayers to deliver annually to the Internal Revenue Service to deliver annually to the Internal Revenue Service (SII) information (SII) information of their investments or operations abroad, the associated benefits or results and -even- the detail of the taxes borne abroad and eventually creditable in the country.
These obligations - in all cases - are fulfilled with the online submission of the online of the Sworn Statement No. 1929 (DJ 1929) in the month of June, providing information corresponding to the immediately preceding year. In the 2024 income process, the deadline to file it is Friday June 28th. Friday, June 28th.
In this regard, it should be noted that failure to file this DJ, or its late, incomplete or erroneous filing, leads to the issuance of fines. fines by the SII.
Who has the obligation to report?
As a general rule, taxpayers (natural and legal persons) with domicile or residence in domicile or residence in Chile who have investments abroad, or whose income from abroad is attributable to them.
Among the assets and income to be reported include: shares or rights in companies, real estate, bank and investment accounts, insurance of all kinds, dividends, royalties, interest and salaries, among others.
Finally, it should be noted that the presentation of the DJ 1929 is a requirement* to credit in Chile taxes paid abroad. to credit in Chile taxes paid abroad, when applicable.taxes paid abroad, when applicable, thus avoiding the international double taxation (payment of taxes on the same income in the country where it is generated and in Chile).
* In replacement of the registration and updating of investments in the RIE RIE registry of the SII.
