Global Daily Tax News, Chile Redoubling Efforts Against Cryptoasset Tax Crimes, (Oct 6, 2025)

Chile's tax agency has highlighted the nation's efforts to tackle tax crimes linked to cryptoassets, noting the adoption earlier this year of resolutions to implement the OECD's Crypto Asset Reporting Framework (CARF) and recent enforcement results.

The two resolutions enable the automatic exchange of information in relation to crypto assets internationally and introduce information collection powers in relation to digital asset transactions involving taxpayers in Chile.

Exempt Resolution No. 113 established that individuals or entities residing or domiciled in Chile that operate a digital asset or cryptoasset service must submit to the tax agency Affidavit No. 1963, "Annual Affidavit on Digital Assets Regarding Taxpayers with Tax Residence Abroad." Providers of these services must identify their non-Chilean users and report on specified transaction. This return must be filed for the first time by June 30, 2026, for automatic exchange internationally starting next year.

Exempt Resolution No. 114, meanwhile, provides for the same transaction disclosure requirements in respect of taxpayers who are tax resident or domiciled in Chile. The first reporting deadline is also June 30, 2026.

The tax agency said, since the issuance of those resolutions, enforcement action has already been undertaken into tax evasion linked to cryptoassets. The agency reported that it successfully challenged 13 taxpayers, securing revenues of CLP4.7bn (USD4.89m). The cases involved taxpayers receiving payments for services in cryptocurrencies that were not reported in income tax returns, and cases where taxpayers failed to prove costs associated with the reported cryptocurrency transactions.

The tax agency said it is also seeking to detect non-compliance using information received from: cryptocurrency services providers, taxpayers' returns, and tracking imports of technology used for cryptocurrency mining, as well as public sources of information, among other things. The tax agency said, in cross-referencing this information, it was possible to identify crypto-asset miners, informal exchanges (or exchange services providers), influencers engaged in the crypto-asset sector, and taxpayers who received income from cryptocurrencies who had fail to report income within returns.

The tax agency said, "It should be noted that transactions with cryptoassets have very high privacy requirements, making it difficult to identify those behind them. For this reason, the regulation of cryptocurrencies has taken on special importance in recent years, given the growth of the sector, leading governments and international organizations to create legal frameworks to guarantee their security and transparency."

It added: "Chile has been at the forefront of cryptoasset analysis internationally. For example, it participates in an OECD working group dedicated to compliance and the promotion of audit strategies for the correct use and declaration of these digital assets. Along the same lines, and with the goal of continuing to strengthen the monitoring and control of these types of digital transactions, the institution promotes the exchange of information between the various tax administrations regarding transactions related to these digital assets."