On 10 September 2026, Exempt Resolution No. 124 confirms the continued validity of the affected goods list from Exempt Resolution No. 194 of 2025, in accordance with Article 9 of Law No. 21.420. This measure ensures stability in property tax assessments for the 2026 fiscal year, avoiding abrupt valuation changes. The Subdirectorate of Valuations (Avaluaciones) administers this continuity.
Key Takeaways
- Valuation Consistency: Taxpayers can rely on the previous year’s asset valuations for territorial tax calculations, providing predictability.
- Legal Basis: The extension is explicitly authorized by Law 21.420, which permits the SII to maintain lists under certain economic conditions.
- Administrative Efficiency: Reduces the need for mass revaluation processes, saving resources for both the tax authority and municipalities.
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