On 16 September 2026, the Chilean Internal Revenue Service (SII) issued Exempt Resolution No. 128, authorizing specific taxpayers to operate under the electronic accounting model. This resolution stems from the SII’s Subdirectorate of Taxpayer Assistance and aims to modernize accounting obligations by enabling digital record-keeping in line with recent tax administration reforms. The measure applies to taxpayers meeting criteria defined in the resolution, facilitating compliance and reducing paperwork.
Key Takeaways
- Digital Accounting Adoption: Authorized taxpayers must maintain accounting records electronically following SII-prescribed standards, ensuring real-time data integrity and audit readiness.
- Selective Implementation: The resolution targets a defined group of taxpayers, signaling a phased approach toward mandatory electronic accounting for all entities in the future.
- Compliance Benefits: Participants gain streamlined reporting processes and reduced risk of penalties for physical documentation errors.
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