Taxes on Income, Profits and Capital Gains (As % of Revenue) rose to 36.6% in Chile in 2017

Taxes on Income, Profits and Capital Gains (As % of Revenue) (%)
Economy | Chile | May 17, 2019
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Taxes on income, profits and capital gains as a share of revenue reached 36.6 % in 2017 in Chile, according to the National Statistical Office. This is 7.97 % more than in the previous year.

Historically, taxes on income, profits and capital gains as a share of revenue in Chile reached an all time high of 40.9 % in 2006 and an all time low of 10.4 % in 1987. When compared to Chile's main peers, taxes on income, profits and capital gains as a share of revenue in Argentina amounted to 12.9 %, 12.8 % in Paraguay and 22.3 % in Uruguay in 2017.

Chile has been ranked 17th within the group of 104 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue, 2 places behind the position seen 10 years ago.

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Argentina % 13.0% 13.1% 13.5% 13.8% 15.2%
Bolivia % ... ... ... ... ... ... ... ... ...
Brazil % 23.3% 21.2% 22.0% 22.3% 20.8%
Chile % 27.2% 30.4% 28.7% 28.9% 29.8%
Paraguay % 11.5% 11.6% 12.0% 12.1% 11.7%
Peru % 33.9% 34.0% 31.1% 32.2% 29.2%
Uruguay % 18.0% 18.4% 19.3% 19.0% 18.7%