News Alerts

Supreme Decree No. 1,043 which contains new tax measures is published

July 6, 2020

On July 3, Supreme Decree No. 1,043 of the Ministry of Finance was published, which amends two of the measures contained in Supreme Decree No. 420, dated March 30, 2020.

In particular, the new decree states the following:

  • The deadline for paying VAT to be declared in the months of July, August and September 2020 is extended. Taxpayers whose average operations declared before the IRS in the months of April, May and June 2020 have decreased by at least 30% with respect to the average operations declared in the same period in 2019 are eligible for this benefit.

    The deferred VAT will be paid from October 2020 onwards in: (a) 12 equal and successive monthly installments in the case of SMEs; or (b) 6 equal and successive monthly installments in the case of the rest of the companies whose annual income does not exceed UF 350,000, including the income obtained by related entities.

  • Taxpayers who have reduced their taxable income by at least 30% from January to May 2020 in relation to the same period in 2019 are exempted from the obligation to make Monthly Provisional Payments for the months of July, August and September 2020.

The content of Supreme Decree No. 1,043 can be reviewed here.

If you have any questions regarding the matters discussed in this news alert, please contact the following attorneys or call your regular Carey contact.


Jessica Power
+56 2 2928 2226

Manuel José Garcés
+56 2 2928 2226

Andrés Carrasco
+56 2 2928 2226


This news alert is provided by Carey y Cía. Ltda. for educational and informational purposes only and is not intended and should not be construed as legal advice.


Carey y Cía. Ltda.
Isidora Goyenechea 2800, 43rd Floor
Las Condes, Santiago, Chile.

© 2018 Carey   |    Disclaimer    |    Privacy and Cookie Policies

Created by Carey´s Communications and Design Department, Santiago, Chile