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Chile
Individual - Sample personal income tax calculation
Last reviewed - 08 February 2024Chilean employee or a foreign resident who contributes to Chilean social security system
| Amount (CLP*) | |
| Gross income | 3,900,000.00 |
| Less: | |
| Health contribution at 7% on a maximum of CLP 1,876,049 | (131,323.43) |
| Pension contribution at 12.5% on a maximum of CLP 1,876,049 | (234,506.13) |
| Unemployment insurance at 0.6% on a maximum of CLP 1,876,049 | (11,256.29) |
| Taxable base | 3,545,426.73 |
| Tax rate | 30.4% |
| Tax | 1,077,809.73 |
| Deduction | (500,798.70) |
| Withholding tax | 577,011.03 |
* Chilean pesos
Foreign resident who maintains one’s social security abroad
| Amount (CLP) | |
| Gross income | 5,000,000.00 |
| Total social security contribution | (1,603,332.10) |
| Unemployment insurance at 0.6% of CLP 1,876,049 | (11,256.29) |
| Taxable base | 3,385,411.61 |
| Tax rate | 23% |
| Tax | 778,644.67 |
| Deduction | (500,798.70) |
| Withholding tax | 277,845.97 |
It is important to mention that social security contributions paid by the employer are considered as taxable income, but they may be deducted for tax purposes unto a cap of UF 75.7 during 2017.
UF 1 equals CLP 26,664.2 as of 28 June 2017.
