4 ms·
as far as i can tell the numbers in wikipedia are completely off: the "10% pension" is (1) still your money (it's a personal fund, not a social security system)
by andrewcooke 16y ago
as far as i can tell the numbers in wikipedia are completely off: the "10% pension" is (1) still your money (it's a personal fund, not a social security system); (2) capped at $300 a month; and (3) completely optional if you're self-employed; i pay less than $100 for optional health insurance monthly (no idea where 7% comes from).
also, your link to sii doesn't work, but my understanding is that if you are paid from abroad and it's wired to you each month, and you convert it to pesos locally, it's just income and charged at the same rate as any other income.
in general the tax system is very transparent and open - it's easy to be self employed and you just pay 10% monthly as i described. at the end of the year chilean banks declare your interest etc etc, you get a web page that lists everything that you click "ok" on, and then you get a refund.
i have no idea about $200,000 a year salaries. i am just describing normal life working for an american company as a contractor (ie self employed from the chilean pov). frankly, if you earn that much, or you're looking for some kind of tax haven, pay someone for some advice instead of reciting stuff from wikipedia that you don't have the context to understand.
- andrewcooke 16y ago[both pension and health fund are private, in case that wasn't clear]