By Centro de Conocimiento Tributario (Tax Knowledge Center) - CCT

One of the things left over from the COVID-19 pandemic, in addition to vaccinations and the use of masks in winter, is the habit of shopping online. And when doing so, many stores give out a code for tracking purchases, from the time payment is made until the product is delivered.

Something similar occurs with the Annual Income Tax Return (Form No. 22) which, after being submitted by taxpayers to the Internal Revenue Service (SII), triggers a process of review and cross-checking of information. review and cross-checking of information by the tax authority, which may result - together with the determination of a tax payment or refund - in a payment or refund of taxes- that the tax return results:

• AcceptedThe taxpayer's tax return is accepted, as it does not present inconsistencies with respect to the data that the SII has in its systems, provided by the taxpayer and third parties -withholding agents and informants- through affidavits (DD.JJ.).
• Observed, when there are gaps or differences between the declared amount and the information available to the SII* . In this case, the taxpayer must manage its regularization by requesting to third parties the rectification of the DD.JJ., rectifying what he himself declared, or by going directly to the SII offices (voluntarily or as part of a formal review).
  * In this scenario, the SII may withhold -totally or partially- the refund requests submitted by taxpayers.

Active monitoring and follow-up

After filing your tax return, it is necessary to periodically monitor its periodically monitor its status on the on the website www.sii.clwhere the tax authority has provided a series of options to carry out different procedures online.

This requires an attentive attentive and proactive on the part of taxpayers, their accounting team, tax advisors or those to whom they have delegated this task of monitoring and responding to any type of observation or requirement.

The above, considering also that the SII has the power to initiate auditing processes, as a general rule, until 3 years after the tax return has been filed -and even accepted-, due to the statute of limitations established in the Tax Code.

Are there still any DD.JJ.'s to be filed?

Finally, the Operation Tax Return AT 2024 process contemplates a last group of affidavits last group of affidavitsThe last group of tax returns is due at the end of June, for example: Net Taxable Income (1926) and Transactions abroad (1929), among others.

These DD.JJ., of an informative informative of the operations of the taxpayers who are obliged to file them, must be consistent with the consistent with the information contained in their respective tax returns.

In this regard, it should be noted that failure to file these declarations -in due time and form- will result in the issuance of fines. fines by the SII.