The Tax Compliance area of Fischer y Cía. has the name of UNITAX. Its objective is to take advantage of the synergy generated between the legal practice and the respective accounting advice that our clients require.
We practice a personalized work methodology, adding value to management and going beyond the determination of values, as we provide complete answers and strategic solutions to each requirement.
Our tax compliance area is firmly consolidated in the market and constitutes a pillar within the study, since it delivers continuity and a complete compliance of each advice or instruction.
Our professionals exhibit a vast experience in large auditing and macro companies as well as postgraduate tax and accounting studies.
Partners
Services
Accounting
Back Office
Our team provides comprehensive back-office services to numerous companies across various industries, focusing on optimizing each process.
Accounting and Reporting
Our team is highly experienced and fully equipped to ensure and manage accounting processes as well as generate financial and administrative reports for companies and individuals. We are well-versed in local regulations, allowing us to deliver management reports tailored to our clients’ specific needs.
Payroll management
The payroll system in Chile involves complexities—such as withholdings, hiring and termination processes, and key labor law aspects—which our team efficiently handles for each client. Our services include mixed payroll schemes, commission-based employment contracts, special allowances, exclusions from the Chilean social security system, and income tax, among others.
Treasury services
We offer personalized support based on each client’s needs, whether assisting internal management or taking charge of the entire process: preparing checks or executing electronic transfers for internal operations.
Business startup assistance
In collaboration with the legal business and tax team at Fischer y Cía., we provide administrative support for starting a business in Chile smoothly. Our team has extensive experience in tax, business, and accounting matters, as well as administration and understanding the needs of foreign clients in Chile, ensuring an efficient and transparent process. Additionally, we assist in transitioning this process for companies that are already operational.
Legal representation
Among other services, our team offers registered legal representation before the Chilean Internal Revenue Service (SII).
Data processing and administrative procedures
We ensure the proper submission of documents on behalf of companies and individuals to government agencies, including the Internal Revenue Service (SII), Treasury, Central Bank, and municipalities, among others.
Tax Compliance
Monthly and annual tax compliance
Both companies and individuals must meet various tax obligations, including the payment of monthly and annual taxes, management of records, and submission of sworn statements, taking into account operations conducted abroad.
Our comprehensive tax compliance advisory service includes collecting and analyzing all client income and investments, comparing them with data recorded by the Chilean Internal Revenue Service (SII). This process determines monthly and annual taxes, submits the corresponding declarations, and ensures rigorous follow-up until acceptance by the tax authority.
Support and representation during tax audits
The SII audits business practices both in Chile and abroad by gathering information from various agencies. Combined with the complexity of tax regulations, this may lead to contingencies requiring effective administrative responses. Our team provides comprehensive assistance in this area, supporting clients during audits, preparing documentation to address diverse requests, and resolving actions to ensure compliance with applicable regulations.
Tax diagnosis and due diligence
We help our clients assess their level of tax compliance by considering all formalities and fiscal aspects. We conduct a detailed analysis of their operations, issue reports, and provide technical advice to evaluate whether their structure meets advanced requirements that could facilitate tax savings.
Tax consulting and support for companies
We assist companies’ accounting teams, acting as a support unit to clarify the tax implications of complex operations, ensuring proper compliance with tax obligations.
Tax Implementations
Our team prepares the financial statements, tax determinations, and necessary documentation to present the reorganization to the tax authority (Chilean IRS), ensuring follow-up until it is approved. Additionally, we provide an analysis of its tax effects.
Foreign investor advisory services
Our comprehensive advisory service for foreign investors provides a range of legal, accounting, and tax solutions to facilitate the incorporation of a business in the country, ensure smooth operations, and guarantee compliance with local regulations.
The main services Unitax offers to foreign investors include:
Business incorporation in Chile
Choosing the legal structure: Advice to determine the most suitable legal structure based on the business activity, such as a corporation (S.A.), limited liability company (SRL), agency, or branch of a foreign company, among others.
Legal documentation: Drafting and registering corporate bylaws, articles of incorporation, and other necessary documents and public records.
Obtaining a Tax ID (RUT): Assistance with the Chilean Internal Revenue Service (SII) process to obtain the company’s Tax Identification Number (RUT).
Bank account opening: Guidance on opening local bank accounts in the company’s name and ensuring compliance with banking regulations.
Legal representation
Legal representatives: Initially acting as legal representatives to facilitate the company’s initial operations. Subsequently, providing guidance on selecting and appointing directors, proxies, or legal representatives to manage the company while complying with local regulations.
Notarized powers of attorney: Validating documents and granting powers of attorney to individuals authorized to represent the company before authorities and third parties.
Address usage
Fiscal address: Providing a temporary address for the company’s SII registration, a mandatory requirement for operating in the country. This address allows receipt of correspondence and notifications from the SII, among other uses.
Accounting and Compliance under IFRS standards
Company accounting: Accounting services in compliance with International Financial Reporting Standards (IFRS) or IFRS for SMEs, providing up-to-date information for decision-making.
Preparation of accounting records: Regularly recording economic events in the company’s accounting books, including preparing financial statements, balance sheets, and other relevant financial reports.
Financial closures: Preparing annual, semi-annual, or monthly financial closures and reviewing the company’s financial situation as needed.
Payroll
Employee payroll management: Preparing employee payroll, remuneration records, and salary calculations in compliance with local labor regulations.
Social contributions: Calculating and paying mandatory contributions for social security (AFPs, health, unemployment insurance, etc.).
Employment contracts: Advising on drafting employment contracts and ensuring compliance with local labor laws.
Severance packages: Preparing severance settlements for employees.
SII registration and procedures
Company registration: Enrolling the company with the SII to enable operations in the market, fulfill tax obligations, file declarations, and pay taxes.
Electronic invoicing registration: Assisting in the registration and certification process for electronic invoicing, using the SII platform or other market solutions.
Monthly and annual tax compliance
Declaración de impuestos mensuales: preparación y presentación de las declaraciones de IVA (Impuesto al Valor Agregado), pagos provisionales mensuales (PPM) y formularios 50 de retención por pagos al exterior si correspondiera.
Declaración de renta anual: Preparación y presentación de la declaración anual de impuestos (Renta), incluyendo la determinación de la base imponible, registros y declaraciones juradas obligatorias y los impuestos que corresponda pagar.
Revisión de cumplimiento tributario: ejecución de auditoría interna para asegurar que todos los procedimientos de impuestos estén correctamente ejecutados y no existan riesgos de multas o sanciones.
This comprehensive advisory service enables foreign investors to enter the local market efficiently and in compliance with current legislation, minimizing risks and ensuring fulfillment of all legal and tax obligations.
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