Income Tax Return Process Year 2019
The Tax Year 2019, which considers the income obtained by taxpayers in the 2018 business year, represents once again a great challenge for companies and for natural persons, since it’s the second year in which the Tax Reform introduced in Chile through laws 20,780 and 20,899 are fully applied.
Companies.
For the Partially Integrated Tax Regimes of Article 14 B or the Attributed Income of Article 14 A to which the company is subject to, various tax obligations will be generated for purposes of consolidating the TY 2019 and in order to comply with the legislation those obligations will need to be met.
| Below is a summary of the Affidavits-Sworn Statements that must be submitted to the Chilean IRS according to the Tax Regime chosen and the deadlines for the TY 2019. | |||
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Régimen ART 14 A) |
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Formulario |
Certificado |
Resolución |
Vencimiento |
| 1923 Renta Líquida Imponible + Atribución |
52 |
N°82/08-2017 | 29.03.2019 |
| 1938 Movimientos y saldos de registros de rentas empresariales |
N/A |
N°83/08-2017 | 14.05.2019 |
| 1940 Retiros, Remesas, Dividendos Distribuidos y Créditos correspondientes |
53 |
N°79/08-2017 | 29.03.2019 |
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Régimen ART 14 B) |
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Formulario |
Certificado |
Resolución |
Vencimiento |
| 1926 Renta Líquida Imponible |
N/A |
N°101/10-2017 | 07.05.2019 |
| 1939 Movimientos y saldos de registros de rentas empresariales |
N/A |
N°84/08-2017 | 14.05.2019 |
| 1941 Retiros, Remesas, Dividendos Distribuidos y Créditos correspondientes |
54 |
N°80/08-2017 | 21.03.2019 |
Find here the Chilean IRS Supplement for Sworn Statements TY 2019:
http://www.sii.cl/declaraciones_juradas/suplemento/2019/suplemento_ddjj_2019.pdf.
The summary of the Main Sworn Statements according to the Chilean IRS Supplement:
Natural Persons.
The Chilean IRS has already published Circular Nº1 dated January 7, 2019 that reports natural persons progressive income tax, tables corresponding to tax year 2019. You can check the table below:
CFA provides full and complete advice for the process of Income Tax Declaration TY 2019 (F. 22), which will be essential with the full introduction of the Tax Reform, taking into consideration that the Internal Revenue Service has issued multiple Resolutions and related Affidavits with the New Tax Regimes that must be considered by the taxpayers.