Stamp duty
Stamp duty tax is due when the document is created, and can be a fixed amount or a proportion of the value of the document. Stamp duty is a tax that is levied on legal documents such as checks, receipts, and land transactions. It denotes that a document is legally binding.
The stamp duty tax payment can be by a physical stamp attached to the document, printed on the document, or applied electronically. If a virtual stamp is used, a company buys a quantity, for example, 1,000, and keeps a record of those used. Stamp tax can be audited.
Some transactions are exempt from stamp duty tax such as inter-community supply of goods.
Chile specifics
Stamp tax is levied mainly on documents that evidence money lending operations, and its rate varies depending on the executed document.
Those who must pay for income in money for taxes that affect their bills of exchange, promissory notes, and other documents according to the Stamp Tax Act are subject to stamp duty.