Information about Chile Minimum wage and taxes.

The minimum wage in Chile is set at 337,000 Chilean Pesos (approximately US$ 440) gross as of 2021. This fee is paid monthly. The tax system in Chile consists of income tax, value added tax and other taxes. Income tax varies depending on the country's income and is collected on income above a certain income level. There are tax brackets and the tax rate increases with increasing income levels. Value added tax (VAT) is collected on consumption in Chile. The standard VAT rate is 19%. However, lower tax rates may apply for some basic consumer goods and services. The tax system in Chile can be complex and there is a requirement to file a tax return. Taxpayers must submit their tax returns regularly and fulfill their tax obligations. This information provides a general overview and tax status may vary depending on a person's earnings, occupation and other factors. Therefore, it is recommended that you consult the Chilean Tax Office or a tax advisor for more specific and up-to-date information.

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