VAT refund: recover your VAT credit (Art. 27 bis)

Real estate taxation for investors. Optimize your tax burden, reinvest in new assets and gain additional cash flow with our advisory for individuals and companies.

*For residential properties, the benefit applies only from your 3rd DFL2 property onward

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Real estate taxation system

10+ tax benefits applied

From VAT refunds to immediate depreciation and other tax techniques, see how our advisory generates a return on investment (ROI) that can help you reduce your tax burden, meet your obligations and gain additional cash flow.

Get additional cash flow

Maximize your investment with more cash flow, recovering 12% to 16% of the property's purchase price. A refund of your remaining VAT credit can help you reinvest in other assets in a tax-efficient way.

Your financial goals come first

You have unique needs. That's why we offer you a strategy to optimize your tax burden (reinvestments, deferral, exemptions and effective tax savings).

More than just a VAT refund

We believe the refund is only one (important) part of the overall strategy. We'll recommend current best practices

Process

Step by Step

Our process and legal team will guide you step by step. From registering your sole proprietorship (Empresa Individual) to guidelines for running your operation, NSS includes everything you need to manage your tax structure efficiently and in full compliance.

0
1
2
3
4
01
Business activity registration

Timing is key

Before we begin, we'll walk you through the steps and register your business activity under the First Category with the SII, an essential step to operate legally and access tax benefits. Once registered, we move on to signing the purchase deeds.

02
Furnishing and leasing

Start renting and invoicing

Once the property is properly furnished and the lease agreement is signed, we advise you on accumulating the corresponding VAT credit. You can use this credit to reduce your tax burden or request a refund of the VAT paid.

03
Filing the request

SII Audit

We prepare and review all the documentation needed to file your request with the SII correctly and efficiently. We manage the process so you get your refund quickly and without errors.

04
Reinvestment and compliance

Receive the funds in your account

Once the SII approves the request, we manage the refund of your accumulated VAT credit. This refund improves your cash flow, so you can reinvest those resources in your business strategically.

All-in-one plan

Recover your VAT and stay compliant

We have created transparent plans for the real estate investment cycle

Monthly Billing
Initial fee
Everything you need to prepare the structure
CLP 550,000
‍When services begin
Get started
Key Features:
  • Power of attorney to represent you before the SII
  • Business activity registration (inicio de actividades) under the First Category
  • Asset Allocation Records
  • Preparation of balance sheets and accounting ledgers
  • Refund request for the remaining VAT credit via Form 3280
  • Municipal business license in Las Condes
  • Tax address for 12 months
  • Shared Drive folder for client documentation
  • Ongoing advice and support
Success fee
5% discount
Success fee, charged when the funds reach your account
10% of VAT recovered
When you receive the money
Get started

  • Coordination with SII auditors
  • Submission of Administrative Appeal (RAV) in case of unjustified rejection by the SII (client defense)
  • Direct transfer of funds to the client's account
Monthly Accounting
Monthly maintenance of the structure
3 UF /month
Up to 4 units
Get started

  • SME and 14A regimes
  • Fixed Asset Depreciation (expense)
  • Monthly F29 compliance
  • Dedicated accountant
  • Control and record keeping
  • Representation before institutions
Annual tax return (Operación Renta)
Sworn statements (DDJJ) and Form F22 for real estate investors
15 UF /year
Every April
Get started

  • Determination of the First Category tax result as of December 31 each year (net taxable income subject to First Category Tax or Global Complementary Tax, as applicable).
  • Determination of tax equity (Capital Propio Tributario) as of January 1 each year.
  • Determination of business income registers as of December 31 each year.
  • Preparation of the income tax sworn statements and related certificates due each tax year.
  • Annual balance sheet as of December 31

Show all features

Monthly filings
Starter
3 UF/month
Get started
SME
4 UF/month
Get started
Business
7 UF/month
Get started
Enterprise
Custom pricing
Get started
Form F29
Monthly returns for taxes that must legally be withheld and paid to the Treasury, for example Value Added Tax (VAT), monthly provisional payments (PPM) and the Second Category Single Tax, among others.
Form F50
This is Form No. 50, the “Monthly Return and Simultaneous Payment of Taxes”, used to report and pay various taxes with different legal due dates, for example,
the Additional Tax (withholding)
10
20
Unlimited
Annual tax return (Operación Renta)
Tax Determination
Determination of the First Category tax result for the business year (net taxable income subject to First Category Tax or Global Complementary Tax, as applicable).
Tax Equity Determination
Under the Income Tax Law (Art. 41 No. 1 of the LIR), tax equity is the difference between assets and liabilities, after first deducting all intangible, nominal, transitory and memorandum values, and any others determined by the SII, that do not represent actual investments.

This equity must include the owner's assets that have been incorporated into the company's line of business. For taxpayers who are individuals, the accounting excludes assets and debts that do not generate income taxed under the First Category or that are unrelated to the company's line of business, activities or dealings.
Additional 20 UF
30 UF
Unlimited
Business income registers
Business income registers are tax records that companies must prepare every year. Their main purpose is to record and track all income generated, for example income available to be withdrawn, remitted or distributed to the owners.

Most importantly, these registers let taxpayers track and allocate the tax credits to be applied at the end of the business year.
10
20
Unlimited
Preparation of sworn statements (DDJJ) and Form 22
Preparation of the income tax sworn statements and related certificates due each tax year (payroll, withholdings, disallowed expenses, withdrawals and credits, dividends, list of partners and shareholders, annual tax profile, balance sheet accounts return, net income, others).
10
20
Unlimited
Tax Reports
8-column trial balance
Income Statement
Additional 20 UF
30 UF
Unlimited
Feature 2
10
20
Unlimited
Frequently Asked Questions

We have the answers

How do I get started?
Once you accept the quote, we send the initial contracts to get started and share a folder so we can move forward with the documentation.
Do I lose tax benefits when I recover VAT?
By opting for the VAT refund, you give up benefits tied to properties owned by individuals, such as deducting mortgage interest from your Global Complementary Tax and the 8,000 UF capital gains exemption on property sales. That's why we recommend recovering VAT from the 3rd property you own as an individual onward.
How long does the process take?
6 months, from the signing and registration of the purchase deed until the TGR (Chile's Treasury) deposits the funds into your bank account, provided all requirements are met.
Can I trust you? Are you certified and experienced?
NSS has more than 8 years of experience and more than 50 clients who are happy with their VAT refund. All our professionals are qualified lawyers, legal specialists and certified public accountants from Chile's top universities. We are committed to security and trust, maintaining up-to-date certifications that guarantee the quality and security of all our processes and services.
When should I get ready to start?
The best time to get advice is BEFORE signing the purchase deed. That way we can set up your sole proprietorship (empresario individual) correctly and avoid rejections by the SII.
DFL2: Can I only recover VAT from my 3rd DFL2 property onwards?
Yes. To qualify for the refund as an individual on a DFL2 property (under 140 m² built), you must have 2 or more of them registered. That's because an individual's first 2 DFL2 properties are exempt from income tax and VAT (which is why the SII says there is no VAT to refund).
Can I keep some properties in my own name and assign the rest to my sole proprietorship?
We always recommend maximizing the tax benefits of both “pockets”, so we will always review your properties and recommend the structure that best fits this strategy.
If the SII rejects my request, do you file legal appeals against the SII?
Yes, we represent clients before the SII to request approval of rejected applications, as long as the client has met all legal requirements.
What counts as a furnished property?
The SII defines a furnished residential property as one with enough furniture for eating and staying overnight (sleeping). We therefore recommend beds, kitchen utensils, chairs, dishes, a stove, a refrigerator, bedding and other items. You must also buy everything with an invoice after registering your business activity to avoid rejections.
DFL2: Can I only recover VAT from my 3rd DFL2 property onward?
Yes. To qualify for the refund as an individual on a DFL2 property (under 140 m² built), you must have 2 or more of them registered. That's because an individual's first 2 DFL2 properties are exempt from income tax and VAT (which is why the SII says there is no VAT to refund).
Latest news

News that affects this service

Legal alerts for SII news and resolutions

CMF emite Norma de Caracter General 502

La NCG N°502 deroga las Normas de Carácter General N°493 y N°494 para establecer en un único cuerpo normativo, las instrucciones y exigencias para los prestadores de servicios financieros a los que se refiere el Título II de la Ley Fintec.
Clemente Hernández Gemigniani
January 14, 2024
Why NSS

Optimize your real estate investment

We know the process and its requirements, how to avoid errors, and how to file legal appeals against rejections, so our clients can reinvest and diversify

UF 52,000
Amount of VAT recovered
We have helped our clients legally recover more than UF 52,000 in VAT, while ensuring full tax compliance at all times.
3x
Fewer errors
We have streamlined the setup of international legal entities in Chile, working three times faster than the Chilean legal industry average.
80% success
NSS client success rate
Qualified clients who meet the requirements and follow our team's recommendations report a high success rate, and if they are rejected without justification, we defend them.
6 months
Average process time from purchase
We onboard clients to our systems quickly; we give you access to shared folders and guide you through the process every step of the way.
Advisory ROI
Return on Investment in Services
Our financial models show that, from the 3rd property onward (after using the available DFL2 benefits), the advisory generates financial gains*
RAVs
Legal appeals and defense
Our services include legal defense before the SII by our legal team in cases where, even though we consider the request compliant with the regulations, the SII rejects it.
-97%
Reducing Legal Risks
We guarantee full compliance with current regulations, minimizing the likelihood of SII fines and sanctions and representing clients in external audits.
Contact

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esaez@nss.cl

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+ (569) 9010 2490

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Cerro El Plomo 5855, Of. 1407, Las Condes, Santiago