Our Tax Group explains in simple terms how to successfully file your income tax return.
As the Operation Income 2026 process begins—which applies to both businesses and individuals—our Tax Group has prepared a practical guide for those who qualify as individuals.
Below, you will find key points to consider for successfully filing your return.
1. Who must file an income tax return?
For individuals, you must file an income tax return if:
- You earned more than $$11,265,804 during the year (unless the income consists solely of wages from a single employer).
- You had more than one employer or payer.
- You issued fee invoices.
- You applied for the Solidarity Loan (final installment this year).
- You generated income from self-employment or a business venture.
You can also file your tax return, even if you are not required to, if you wish to claim any tax benefits or credits.
2. What are the deadlines for filing the income tax return?
- April 1: Filing of Form 22 for the income tax return begins.
- April 30: Deadline to submit the return to the SII.
- May 15: Final deadline to make corrections or amendments to your income tax return if necessary.
The dates for tax refunds, if applicable, will be announced by the SII on its official website.
3. What tax benefits am I eligible for?
As an individual, you are eligible for the following benefits:
- Education expense credit: Allows you to reduce the tax payable by up to $174,803 per child (4.4 UF).
Requirements:
- Have income subject to the Complementary Global Tax.
- Children under 25 years of age.
- Enrolled in preschool, elementary, or secondary school.
- Minimum attendance of 85%.
- Does not apply to higher education.
2. Credit for the purchase of a new home: Allows you to deduct dividends paid from your tax liability, up to a limit of 16 UTM per year.
Requirements:
- New home (first sale).
- Intended for residential use.
- Purchased with a mortgage loan.
- Must meet conditions regarding the date of receipt or promise.
This benefit will remain in effect until Tax Year 2029.
3. Mortgage Interest Deduction (Art. 55 bis): Allows you to deduct interest paid from taxable income (up to 8 UTA).
Requirements:
- Mortgage loan for a home (new or used).
- Interest actually paid during the year.
Important: The benefit depends on your income level.
4. Sale of properties (8,000 UF benefit): Gains from the sale of real estate may be exempt up to a cumulative total of 8,000 UF.
Requirements:
- Sale to unrelated parties.
- Properties acquired after 2004.
- Applies to the profit (not the total sale amount).
5. Tax credit for property taxes (Property Tax): You can use property taxes as a credit against your tax liability.
Requirements:
- Generate rental income.
- Report that income without deductions.
- Have property taxes paid within the year.
In addition to these key points, we also recommend that you always keep your tax information up to date and, if possible, speak with your tax advisor before filing your income tax return.
For more information regarding deadlines or any questions you may have about the income tax filing process, please contact our Tax team:
Andrea Bobadilla | Tax Group Director | abobadilla@az.cl
Catalina Rojas | Senior Associate | crojas@az.cl
Javiera Melo | Associate | jmelo@az.cl
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