The Chilean tax authority (Servicio de Impuestos Internos - SII) recently published Letter Ruling No. 479 concerning the requirements for the VAT exemption on imports that is provided for certain investments. Subject to conditions, the VAT exemption applies to imported capital goods destined for:
- Mining development, exploration, or exploitation in Chile;
- Industrial, forestry, energy, infrastructure, telecommunications activities; and
- Medical or Scientific research or technological developmen…