/ Overseas Investments Taxation: Deadline June 30
June 24, 2026June 30 is the deadline for filing Affidavit No. 1929, which requires taxpayers to report foreign investments and income. With the deadline just days away, it is essential to review what information must be reported, taking into account recent clarifications from the Chilean tax authority and the required documentation to avoid potential issues.
Nicolás Alvarado
Of Counsel
We remind you that next Tuesday, June 30, is the deadline for filing Affidavit No. 1929, through which taxpayers residing in Chile must report to the Chilean tax authority any investments held abroad—including equity interests, financial accounts, securities, and investments in funds— as well as foreign-source income, such as dividends and interest, earned during the previous fiscal year.
Additionally, the Chilean tax authority recently issued Official Letter No. 1,465 of 2026, providing clarifications regarding the tax treatment of foreign-source income and the documentation required to support credits for taxes paid abroad.
Given the upcoming deadline, we recommend that you review in a timely manner whether you are subject to this obligation, as well as any investments and income held abroad and the corresponding supporting documentation. Please note that failure to file this return, or filing it incompletely, incorrectly, or late, may result in fines ranging from 10 to 50 UTA.
No. 1929
Overseas Investment Taxation
Taxpayers residing in Chile who hold investments abroad or receive income from foreign sources must report such investments and income earned during the previous fiscal year to the Chilean tax authority (SII) by filing electronically via the SII website.
FEATURES
Who is required to file?
Any person residing in Chile who makes an investment abroad, or who receives income from abroad
What must be reported?
Investments abroad, regardless of whether they generated income during the tax year, and transactions that generate income from foreign sources, regardless of whether they were taxed abroad or remitted to Chile.
RELEVANT UPDATES
The SII issued Official Letter No. 1,465, dated June 15, 2026, providing relevant clarifications on the following matters:
Income and profits from foreign entities
Instructions have been updated for the determination of profits remitted to Chile.
Tax credits for taxes paid abroad
The SII reiterates the documentation that must be kept available to substantiate taxes paid, withheld, or owed abroad for use as a tax credit in Chile.
PENALTIES
Failure to file, late filing, or incomplete filing of this return may result in penalties ranging from a fine of 10 to 50 UTA, without prejudice to other applicable penalties under current regulations.
RECOMMENDATIONS
Review promptly
investments and income maintained abroad.
Gather and verify
the corresponding supporting documentation.
The return must be filed electronically through the SII website.
