New requirement for cryptoassets service providers in Chile

The SII has published Exempt Resolution No. 114, which introduces a new annual reporting regime for crypto-asset transactions, aligned with the OECD’s Crypto-Asset Reporting Framework (CARF).

This regulation aims to ensure tax transparency in digital transactions and to mitigate evasion risks in a growing market.

Who does it apply to?

All Crypto-Asset Service Providers (CASPs) that:

• Act as intermediaries or counterparties in exchange transactions

  
  

• Operate trading platforms that allow users to buy, sell, or exchange crypto-assets

  
  

• Manage cryptocurrency ATMs

  
  

• Act as brokers, exchanges, or market makers

  
  

What must be reported?

In Form No. 1964, CASPs must provide:

• User information (residents in Chile):

  • Full name

  • RUT or TIN

  • Address

  • Tax jurisdiction

  • Date and place of birth

    
    

• Transaction details:

  • Purchases, sales, and exchanges with fiat currency or other crypto-assets

  • Incoming and outgoing transfers

  • Payments for goods or services made with crypto-assets

• Information on associated digital wallets

  
  

Compliance deadlines

• Annual Sworn Statement No. 1964:

  • Filing deadline: June 30 of each year

  • Information must cover the previous calendar year (January 1 – December 31)

    
    

• First filing due in June 2026 (for transactions starting January 1, 2025)

Penalties for non-compliance

• Fines ranging from 1 UTM to 1 UTA for failure to file

• Additional fines for delays or omissions (up to 30 UTA)

• Incomplete or incorrect filings also trigger penalties

Source: Servicio de Impuestos Internos