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The Internal Revenue Service (SII) informs that the option is now available to dependent and independent workers and individual entrepreneurs can review if they meet the requirements to qualify for the State Loan with a real interest rate of 0% in September, of up to $ 650 thousand, destined to support those who have faced a reduction in their income as a result of the health emergency.
With today’s publication of the August CPI, the institution updated the data to enable the option.
To access this benefit, dependent workers and individual entrepreneurs They must register an average taxable income equal to or greater than $ 400 thousand during 2019, and have a decrease in income of at least 30%, in the month prior to the one requesting the benefit.
In other words, to apply in September, income from August must be considered.
The solidarity loan that the taxpayer may access will correspond to 70% of the decrease in income that he experienced, with a ceiling of $ 650 thousand, and It can be requested for up to 3 months, continuous or discontinuous, between August and December 2020.
For their part, independent workers, They can also access up to three times between June and November to a similar, repayable loan, with a real rate of 0%, readjustable according to the CPI.
That is, if they asked for the loan in June, July and August, they already completed the maximum possible application for the benefit.
To do this, they must have issued electronic fee tickets in at least 3 months between April 2019 and March 2020, or in at least 6 months between April 2018 and March 2020.
Additionally, as of August 2020, electronic fee ticket revenue must have decreased by at least 30% from the average between April 2019 and March 2020.
These amounts will not be subject to any tax or administrative withholding, except the withholding of up to 50% for alimony debt.
Repayment of the Solidarity Loan
The reimbursement of this benefit must be made from 2022, in 4 installments, according to the following detail:
1st installment equivalent to 10% of the benefit delivered, to be paid in 2022
2nd installment equivalent to 30% of the benefit delivered, to be paid in 2023
3rd installment equivalent to 30% of the benefit delivered, to be paid in 2024
4th installment equivalent to 30% of the benefit delivered, to be paid in 2025
The taxpayer may make advance payments if he prefers. The mechanism for this will be informed in due course.
The annual reimbursement fee should not exceed 5% of the total income reported in your Income Statement. If, due to the application of the indicated cap, after the last payment a balance of the debt is maintained, it will be forgiven.
To support this refund, effective September 1, 2021:
• Dependent workers will have a withholding tax of 3% in addition to the one that normally corresponds.
• In the case of individual entrepreneurs, they must also increase the PPM rate by 3%.
• Independent workers must make an additional monthly provisional payment, or an additional withholding of 3%.
Background check for Tax Contribution for workers with medical licenses in 2019
On the other hand, and just as he had reported, the SII has continued to review the situations of taxpayers with medical leave in 2019 that due to situations derived from the information provided by third parties to the Service, they were eventually unable to access the tax contribution, the application period for which ended on August 31.
To facilitate the delivery of background information, an option that allows said taxpayers was enabled in sii.cl, section Fiscal Contribution for the Middle Class deliver to the Service the documentation that supports that during 2019 they were on medical leave for a few months, which would allow calculating their average taxable income in 2019 according to the months actually worked.
Thus, it will be possible to verify if they comply with the requirements established in the law, of having a total average of taxable income of between $ 400 thousand and $ 2 million, and a decrease of at least 30% in July income.
For this, it is a necessary requirement that taxpayers attach all the background information that supports their request for review. This option will be available until September 30.
This measure is aimed at those dependent workers who, although they had medical licenses in some months of 2019, had taxable income that would allow them to comply with the requirements established in the Law. It should be remembered that according to the law, medical licenses are income does not rent, so it cannot be considered for the calculation of the requirements.
To submit their application, these taxpayers must select as Subject the option “Middle Class Voucher-Pending Applications”, and then, in the Type of Background, the option “Background for pending middle class bonus application” attaching the documents that support your situation.
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