Tax your crypto assets with real backing before the SII.

For the Chilean Internal Revenue Service (SII), your cryptocurrency is an asset, not a currency — and that defines how it is taxed.

The Chilean Internal Revenue Service (SII) classifies cryptocurrencies as a “digital or virtual asset supported by blockchain”—an intangible asset, expressly not legal tender or currency. This classification is important because the profit you obtain from selling them is treated as ordinary income (Article 20 No. 5 of the Income Tax Law). It is subject to First Category Tax if you operate as a company, or to Global Complementary Tax if you operate as an individual—it is declared on Form 22, and you can deduct the acquisition cost if you have proof of the original transfer. The sale of these assets is not subject to VAT. There is no special “capital gains” regime with holding benefits like there is for other instruments—it is taxed like any other ordinary income, depending on your circumstances.

Situation	Tax treatment	Rule or pronouncement
Profit from selling a cryptocurrency	Ordinary income: First Category if you operate as a company, Global Complementary if you are an individual. It is declared in the Form 22	LIR, art. 20 No. 5; SII Official Letter No. 963 of 05-14-2018
VAT on that sale	It doesn't affect it. The taxable event of sale pertains to tangible goods, and the crypto asset lacks corporeality.	DL 825, art. 2 No. 1; SII Official Letter No. 963 of 2018
Acquisition cost	It will reduce the higher value, provided it is supported by the original purchase receipt.	LIR, art. 20 No. 5
Capital gains regime with benefit for holding period	It doesn't exist. for crypto assets	—
Mining and staking	No consolidated formal criteria from the SII as of the date of this review	—

From 2025, exchanges report your transactions directly to the SII (Chilean Internal Revenue Service).

The most significant change of the past year: the Chilean Internal Revenue Service (SII) created two sworn statements that require digital asset service providers domiciled in Chile—exchanges, brokers, and ATM operators—to report the identity, wallet addresses, and transactions of their users. Sworn Statement 1964 reports on users with tax residency in Chile, and Statement 1963 reports on those residing abroad. These statements were created by Executive Resolutions No. 113 and No. 114 of August 26, 2025, and are effective from the 2026 tax year onward for transactions in the 2025 fiscal year. The deadline for filing was June 30, 2026. Both implement the OECD's CARF standard in Chile. In parallel, the SII has publicly stated that it monitors these transactions by cross-referencing information from exchanges and in coordination with the Financial Analysis Unit. In practice, this means that a large part of your transaction history is already, or soon will be, automatically visible to the SII (Chilean Internal Revenue Service) — it is advisable to review your situation and regularize what is necessary before an observation arrives, not after.

Statement	Who presents it	What users does it report on?	Resolution that creates it	AT Term 2026
DJ 1963	Digital asset service providers based in Chile: exchanges, brokers, ATM operators, and those who buy and resell crypto assets	Users with tax residency abroad	SII Resolution No. 113 of 26-08-2025	30-06-2026
DJ 1964	The same suppliers	Users with tax residency in Chile	SII Resolution No. 114 of 26-08-2025	30-06-2026

What backup do you need to keep?

A cryptocurrency statement either holds or falls on the backing. The profit is determined operation by operation, Subtracting the acquisition cost of each unit sold, and that cost must be verifiable. The practical difficulty is usually not tax-related but rather related to data security: exchanges change their policies, restrict access to past histories, or simply close down, and with them goes the only proof of the price you paid in 2021. Therefore, the recommendation is not to save the backup when a notification arrives, but to download it periodically while it exists.

Back	What is its purpose with the SII (Chilean Internal Revenue Service)?
Complete purchase and sales history for each exchange	To prove the acquisition cost on a transaction-by-transaction basis
Incoming and outgoing bank transfer receipts	Prove the origin of the funds
Record of transfers between own wallets	To demonstrate that a movement was a transfer and not an alienation
Exchange rate on the date of each transaction	Determine the value in pesos of the transaction and the profit

Frequently asked questions

How is the profit I make from selling cryptocurrencies taxed?

As ordinary income, it is subject to First Category Tax (if you are a company) or Global Complementary Tax (if you are a natural person), declared in Form 22. The calculation of the profit is done operation by operation (not just looking at the final balance in the wallet), so keeping an orderly record of each purchase and sale makes the correct declaration much easier.

Do I have to pay VAT when selling cryptocurrencies?

No, the Chilean Internal Revenue Service (SII) classifies them as intangible assets, and their sale is not subject to VAT. This applies whether you sell through an exchange or in a direct (peer-to-peer) transaction; the relevant factor is that the nature of the asset, not the sales channel, determines the VAT treatment.

Does the SII already know what transactions I've made on exchanges?

Increasingly. Starting with the 2026 tax year, digital asset service providers based in Chile must report their users' transactions to the Chilean Internal Revenue Service (SII): Form 1964 if you reside in Chile and Form 1963 if you reside abroad. An exchange without a Chilean domicile, or a personal wallet, may not yet be reporting, but that doesn't change your obligation to declare. It's advisable not to assume anonymity on any platform, even those that don't currently report formally to the SII.

What if I never declared cryptocurrency earnings from previous years?

We help you assess your situation and regularize it, including filing amended returns if necessary, before the Chilean Internal Revenue Service (SII) contacts you. Regularizing your tax situation voluntarily, before the SII contacts you, generally receives more favorable treatment than responding to an ongoing audit—that's why it's best to act as soon as you detect the discrepancy.

How is the income I earn from cryptocurrency mining or staking taxed?

This is an area without a formal and consolidated SII (Chilean Internal Revenue Service) criterion; we evaluate each case individually based on your specific situation, without assuming a generic answer. Until a consolidated SII criterion exists, we document the position we adopt for your case with the available technical support, so that the reasonableness of your declaration is clear should it be audited in the future.

Can a company receive cryptocurrency payments for its sales?

Yes, but it requires specific accounting and tax treatment; we help you define how to record it correctly. The sale value is recorded in Chilean pesos at the exchange rate at the time of the transaction, and that same value is the basis for VAT and income tax on the income.

What backup do I need to keep of my cryptocurrency transactions?

Your purchase, sale, and transfer history on your exchanges is essential to prove the acquisition cost and the origin of funds if requested by the Chilean Internal Revenue Service (SII). Regularly downloading your complete exchange history (not just when filing your taxes) prevents losing your backup if the platform closes, changes its policies, or restricts access to older records.

Do they serve both individuals and companies with crypto assets?

Yes, we work with both types of clients, from individuals to companies with cryptocurrency treasury or revenue. The approach differs considerably between the two—an individual typically needs to organize historical transactions, while a company also needs to define accounting policies for handling cryptocurrency treasury.