Latin America · Southern Cone
Chile
The strongest passport in Latin America — 175 destinations and the region's only US Visa Waiver member — paired with a three-year exemption on foreign income that almost nobody uses.
Tax position
- Income tax (top)
- 40% (Global Complementario, top bracket starts around CLP 258.7 million/year)
- Capital gains
- generally taxed as ordinary income; some instruments benefit from a 10% substitute rate
- Wealth tax
- none — proposed in the Boric reform and rejected on 8 March 2023; secondary sources still wrongly describe it as live
- Inheritance tax
- yes — progressive to 25%
- Special regime
- Article 3 of the Ley de Impuesto a la Renta: new foreign residents are taxed only on Chilean-source income for their first three years, counted from entry, extendable by the SII Director Regional 'en casos calificados' with no statutory cap.
- Territorial
- No — worldwide income taxed
- CFC rules
- Yes
- Exit tax
- No
- CRS
- Participating
Is Chile actually right for your family?
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