Auxadi Chile
Chile is one of the fastest growing Latin American economies in recent decades. The country´s sustained growth of 5% in the last 30 years can be attributed to the various reforms implemented to improve productivity and social development. These were so successful in fact, that in 2010, Chile was the first South American nation to become a member of the Organisation for Economic Cooperation and Development (OECD).
The mining industry largely drives the Chilean economy, the country being the world’s biggest producer of copper and second biggest lithium producer in the world. It holds 51% of the world’s lithum reserves – in high demand from the electric vehicle sector. Chile is actively seeking innovative technologies to modernise mining extraction and productivity. The main economic areas in the region include mining, financial services, electricity, gas and water, and agriculture and forestry.
Today, Chile boasts stability and growth with many leading indicators, including the highest income per capita in Latin America. But, Chile faces challenges such as access to credit and high tax burdens in companies, emphasising the need for expert partners to help with your operations in the region.
Chile
Chile is one of the fastest growing Latin American economies in recent decades. The country´s sustained growth of 5% in the last 30 years can be attributed to the various reforms implemented to improve productivity and social development. These were so successful in fact, that in 2010, Chile was the first South American nation to become a member of the Organisation for Economic Cooperation and Development (OECD).
The mining industry largely drives the Chilean economy, the country being the world’s biggest producer of copper and second biggest lithium producer in the world. It holds 51% of the world’s lithium reserves – in high demand from the electric vehicle sector. Chile is actively seeking innovative technologies to modernize mining extraction and productivity. The main economic areas in the region include mining, financial services, electricity, gas and water, and agriculture and forestry.
Today, Chile boasts stability and growth with many leading indicators, including the highest income per capita in Latin America. However, Chile faces challenges such as access to credit and high tax burdens in companies, emphasizing the need for expert partners to help with your operations in the region.
Why Auxadi is trusted as an expert outsourcing provider in Chile
Auxadi provide expert accounting, tax and payroll services to help enable your international expansion and investment, making them an ideal partner when it comes to outsourced services in Chile.
It is relatively easy to initiate a new company in Chile. According to the World Bank’s Ease of Doing Business scale, it can take an average of only four days to register and open a business, in part to Chile ́s electronic filing systems.
Through our single-point-of-contact delivery model, strong presence in all key LATAM markets and our leading MySPV technology platform, our offering is unrivalled.
International Accounting, Tax, Payroll, Transfer Pricing and Corporate Legal Services in 50 countries
Services
At Auxadi, we are proud to offer a comprehensive range of professional services, such as accounting, tax, payroll, transfer pricing and Corporate Legal Services to over 1,300 clients. In addition to these core services, we also provide a range of key services for multinationals and funds. Our MySPV platform and local experts enable us to provide comprehensive financial management services, acting as an extension of your finance department.
Our services
Tax Specialists
The Chilean Tax Administration is responsible for collecting taxes through three public agencies: the Internal Revenue Service (SII), the General Treasury of the Republic and the National Customs Service. In 1997, Chile began the process of bilateral negotiation agreements to avoid double taxation and prevent tax evasion on income and property taxes. Chile has double taxation agreements with over 35 countries.
Although Chile uses the model agreement of OECD there are important distinctions relevant to permanent establishments that may not have a fixed base and international transportation.
We’re the experts when it comes to navigating ever-changing tax regimes. Let our tax team ensure you comply with the tax obligations in every country you operate and unravel and intricate local taxation complexities.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Accounting Specialists
Childean accounting standards have adopted International Financial Reporting Standards (IFRS). The financial year of the entity can’t exceed 12 months but can end on any day chosen by the shareholders. It’s also mandatory to maintain accounting on a monthly basis and have at least one annual closing.
A company or taxpayer must keep complete accounting records updated daily on a ledger, daily book, inventory book, balance, purchases and sales book, remuneration book, and book of fees. There’s also an obligation to issue invoices and present monthly informative declarations.
Our expert accounting teams can assist you with all your corporate accounting requirements, using our bespoke and best-in-class technology platform, MySPV, so you can focus on your international expansion or investments.
Our accounting experts in Chile can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of financial statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Payroll Specialists
Chile’s labour laws require companies to make contributions for mutual insurance, disability, survivor and unemployment insurance. There are specific rules around foreign employees, for example all registered Chilean companies with more than 25 workers must have a staff of at least 85% Chilean personnel, with few exceptions.
Auxadi’s experienced and knowledgeable Chilean payroll specialists can help you adhere to regional tax codes, employment laws, benefits and bonus schemes and social security requirements – on a local and international level.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Auxadi in Chile
Av. Vitacura 2771, of. 405B
Las Condes CP 7550134
Santiago de Chile
Tel: + 56 2 2719 5938
Count on our professional and extensive experience in the Chilean market, for your investments in Chile and elsewhere in Europe, the United States and Latin America.