We invite you to read the letter written by our Director of the Tax Group, Andrea Bobadilla, on the audit of the 50 transfers and the questions on how it will be applied by the Internal Revenue Service.
Mr. Director:
Recently, the Internal Revenue Service (SII) clarified that the first report for transfers received -between January to June 2025- will be in July of this year. The entry into force of this new obligation is an important step forward in the fight against informality and tax evasion; however, it also raises questions.
The SII’s capacity to process, analyze and act on this data will be important, supported by the use of advanced technological tools, which will allow it to accurately identify those who do not comply with their tax obligations, without affecting legitimate taxpayers.
There are many taxpayers who receive installment payments and, therefore, an inefficient auditing system could result in a disincentive to formalization, negatively impacting economic growth.
Improving processes, reducing bureaucratic hurdles and providing incentives for more businesses to join the formal system not only strengthens tax collection, but also economic growth.
The implementation of the audit of the 50 transfers is an opportunity to strengthen the tax system, but its success will depend on the SII’s ability to balance audit with support and tax education for taxpayers.
Letter written by:
Andrea Bobadilla | Director Grupo Tributario | abobadilla@az.cl
