Chile Tax Tables 2024 - Tax Rates and Thresholds in Chile
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This page contains the tax table information used for the calculation of tax and payroll deductions in Chile in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ CL, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Chile or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Chile Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Chile are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Chile Tax Calculator 2024.
Chile Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from CLP 0.000.00 | to | CLP 680,022.00 |
| 4% | Income from CLP 680,022.01 | to | CLP 1,511,160.00 |
| 8% | Income from CLP 1,511,160.01 | to | CLP 2,518,600.00 |
| 13.5% | Income from CLP 2,518,600.01 | to | CLP 3,526,040.00 |
| 23% | Income from CLP 3,526,040.01 | to | CLP 4,533,480.00 |
| 30.4% | Income from CLP 4,533,480.01 | to | CLP 6,044,640.00 |
| 35.5% | Income from CLP 6,044,640.01 | to | CLP 15,615,320.00 |
| 40% | Income from CLP 15,615,320.01 | | and above |
Chile Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 15% | Flat rate on all taxable income |
In Chile, social security deductions made by employees are generally deductible when calculating taxable income. This means that the contributions towards social security, such as those for pension funds and health insurance, can be subtracted from the gross income of individuals. As a result, these deductions lower the taxable income of employees, reducing their overall income tax liability. This practice is in line with Chile's tax policy to provide some relief to employees by recognizing their contributions towards social security in the income tax calculation.
Chile Social Security and Payroll Deduction Rates in 2024
In Chile, the social security and payroll deduction system involves contributions from both employees and employers, covering a range of benefits and services aimed at supporting the workforce and their families.
Chile Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Work-related accident insurance | 0% | 0.93% | 0.93% |
| Life and disability insurance (SIS) | 0% | 1.85% | 1.85% |
| Unemployment insurance | 0.6% | 2.4% | 3% |
| Professional illness insurance | 0% | 3.4% | 3.4% |
| Pension fund | 10% | % | 10% |
| Health Insurance | 7% | % | 7% |
Chile Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Work-related accident insurance | n/a | n/a | n/a | n/a |
| Life and disability insurance (SIS) | n/a | n/a | n/a | n/a |
| Unemployment insurance | n/a | CLP 1,876,049.00 | n/a | n/a |
| Professional illness insurance | n/a | n/a | n/a | n/a |
| Pension fund | n/a | CLP 1,876,049.00 | n/a | n/a |
| Health Insurance | CLP 0.00 | CLP 1,876,049.00 | CLP 0.00 | CLP 0.00 |
Pension Contributions
One of the key elements of social security in Chile is the pension system. Employees contribute a portion of their earnings to pension funds, which are managed by private administrators known as Pension Fund Administrators (AFP). These contributions provide retirement benefits, ensuring financial support for individuals in their post-working years.
Health Insurance Contributions
Health insurance contributions are mandatory, funding the national health system. Employees have the option to contribute to the public health insurance system (FONASA) or to private health insurance providers (ISAPREs). These contributions ensure access to medical services and health care coverage.
Unemployment Insurance
Chile also has an unemployment insurance system, funded by contributions from both employees and employers. This system provides financial support to workers who lose their jobs, helping them during periods of unemployment.
Work-Related Accident and Occupational Disease Insurance
Contributions are made to insurance that covers work-related accidents and occupational diseases. This insurance is essential for providing coverage for medical treatment and compensation for work-related injuries or illnesses.
These social security and payroll deductions in Chile are fundamental in providing a safety net for employees, contributing to their welfare and economic stability throughout different stages of their lives.
Chile VAT Rates in 2024
VAT rates for Chile are reviewed annually, you can use the VAT Calculator to calculate VAT due in Chile or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Chile VAT Rates| VAT Rate | VAT Description |
|---|
| 19% | Standard Rate |
Historic Tax Tables supported for Chile
The following tax tables are supported by iCalculator™ CL as part of the suite of free tax tools we provide for Chile.