On 28 October 2026, the Chilean Internal Revenue Service (SII) and the National Institute of Industrial Property (INAPI) announced progress on a joint agenda to enhance the valuation of intangible assets for transfer pricing purposes. This collaboration aims to develop standardized methodologies that align with OECD guidelines and Chilean tax law, providing greater certainty for multinational enterprises operating in Chile. The initiative responds to increasing scrutiny of intangible-related profit shifting and aims to improve audit efficiency.
Key Takeaways
- Standardized Valuation Frameworks: The joint effort will produce guidelines for valuing intangibles such as patents, trademarks, and know-how, reducing disputes during transfer pricing audits.
- Alignment with OECD Standards: The frameworks will incorporate OECD BEPS Action 8-10 recommendations, ensuring Chile’s approach is consistent with international best practices.
- Enhanced Audit Efficiency: Clearer valuation rules will streamline SII audits, reducing compliance costs for taxpayers and administrative burdens for the tax authority.
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