Chile
ModerateBitcoin & cryptocurrency tax overview
Capital Gains Tax
Capital gains from crypto disposal are generally taxed as ordinary income under the Global Complementary Tax (IGC) for individuals, at progressive rates from 0% to 40%. The SII has treated crypto as an intangible asset, so gains are taxable upon sale or exchange.
Income Tax
Mining rewards and crypto income are treated as taxable income under the IGC at progressive rates from 0% to 40%. Staking rewards are not clearly addressed by specific SII guidance but would likely follow the same ordinary income treatment.
VAT / GST
Exempt for individuals buying or selling crypto as an investment. The SII has not formally classified crypto transactions as subject to IVA (Chilean VAT at 19%), though businesses providing crypto-related services may have different obligations.
Mining Tax
Not clearly established as of January 2026. Miners operating as businesses or sole traders would likely report mining income under first-category tax rules, subject to corporate tax rates, but specific SII guidance on crypto mining is limited.
Key Takeaways
- Chile has a moderate approach to cryptocurrency taxation.
- Capital gains on Bitcoin: Capital gains from crypto disposal are generally taxed as ordinary income under the Global Complementary Tax (IGC) for individuals, at progressive rates from 0% to 40%. The SII has treated crypto as an intangible asset, so gains are taxable upon sale or exchange..
- Income tax treatment for crypto: Mining rewards and crypto income are treated as taxable income under the IGC at progressive rates from 0% to 40%. Staking rewards are not clearly addressed by specific SII guidance but would likely follow the same ordinary income treatment..
Tax Summary
Chile taxes cryptocurrency gains for individual holders as ordinary income under the Global Complementary Tax, with progressive rates up to 40%. The SII (Servicio de Impuestos Internos) issued an initial ruling in 2018 treating crypto as intangible assets, but comprehensive dedicated legislation is lacking as of January 2026. Individuals should report gains on annual tax returns, and crypto-to-crypto exchanges may also constitute taxable events.
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Disclaimer
This information is for general reference only and should not be considered tax advice. Tax laws change frequently and may vary based on individual circumstances, residency status, and transaction type. Always consult a qualified tax professional in your jurisdiction before making financial decisions based on this information.