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Chile Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
17,789,267 (July 2017 est.)GDP (PPP)
$451.1 billion (2017 est.)GDP growth rate
1.5% (2017 est.)Low but stable
GDP (PPP) per capita
$24,500 (2017 est.)Medium
Local currency
Chilean peso (CLP)Quite stable currency
Financial stability (Public debt)
23.6% of GDP (2017 est.)Low
Inflation
2.2% (2017 est.)Healthy rate, decelerating from 3.8% in 2016
Language
SpanishEnglish spoken as first language by 10% population
Corruption perception index (Source: Transparency International)
26/180Low to medium level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
19% standard rate
Corporate Tax
25% or 27% plus surcharges (total burden 35-45%)
Duties
As a general rule, the customs duty rate is 6%. However, as Chile has an extended network of free trade agreements (FTAs), reduced or zero-rate customs duties are available.
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