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Taxes

Chile — Tax: Wealth Tax

Chile has no comprehensive net wealth tax; a 2022 proposal did not advance, but a 2% luxury-asset tax and a property surtax apply.

VerifiedProfessional tax guide — not a government sourceFycom, Wealth tax in Chile (Chilean tax firm)Last reviewed: 2026-10-26

Key facts

  • Chile does not impose a comprehensive net wealth tax; a 2022 proposal (assets above about CLP 5,000 million, rates of 1% to 1.8%) did not advance.
  • Law 21,420 imposes an annual 2% tax on the market value of certain luxury assets registered in Chile, such as high-value vehicles, aircraft and yachts.
  • A property surtax applies when one taxpayer's assessed property exceeds about CLP 600 million, at marginal rates of 0.075% to 0.425%, billed with the territorial tax.
  • Inheritance and gift tax also taxes accumulated wealth; the source gives no rates.

Steps

  1. Understanding the Tax — It is uncertain how one determines their net assets and whether certain assets are exempt from the tax. Official sources may not provide clear guidance.
  2. Filing Requirements — It is unclear what, if any, specific requirements or forms must be filed to report wealth. Official guidance is uncertain.

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