On 23 October 2026, the Chilean Internal Revenue Service (SII) and the National Fisheries and Aquaculture Service (Sernapesca) signed a cooperation agreement to strengthen tax compliance and combat illegal fishing activities. The agreement enables automated exchange of information on fishing permits, catch declarations, and commercialization records, allowing SII to cross-reference declared income with actual fishing operations. This initiative aligns with the government’s broader strategy to formalize the economy and reduce tax gaps in natural resource sectors.
Key Takeaways
- Automated Data Exchange: Real-time sharing of fishing licenses, extraction volumes, and sales records will enable SII to identify discrepancies between reported taxable income and actual production.
- Targeted Audits: The agreement facilitates risk-based audit selection for companies in the fisheries value chain, focusing on entities with inconsistent declarations across agencies.
- Legal Framework: The collaboration operates under Law No. 21.134 on Modernization of Tax Administration, which authorizes inter-agency information sharing for tax control purposes.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement