The national minimum wage for full-time employees in Chile is CLP 440,000.
The law establishes gradual increases over the years 2023 and 2024 to raise the minimum wage to CLP 500,000. As part of this change, on September 1, 2023, the minimum wage will increase to CLP 460,000, and finally to CLP 500,000 on July 1, 2024.
The individual income tax ranges from 0% to 40%. Income tax is calculated according to progressive rates. Non-residents may be subject to an additional flat tax rate of 15%.
| Gross Annual Income | Tax Rate (%) |
|---|---|
| Up to CLP 854,050.50 | 0% |
| CLP 854,050.51 to CLP 1,897,890.00 | 4% |
| CLP 1,897,890.01 to CLP 3,163,150.00 | 8% |
| CLP 3,163,150.01 to CLP 4,428,410.00 | 13.5% |
| CLP 4,428,410.01 to CLP 5,693,670.00 | 23% |
|
CLP 5,693,670.01 to CLP 7,591,560.00 |
30.4% |
| CLP 7,591,560.01 to CLP 19,611,530.00 | 35.5% |
| Over CLP 19,611,530.01 | 40% |
The employer cost is generally estimated between 4.94% of the employee salary.
*Up to a maximum salary for the contribution of CLP 2,941,704.48 (including Legal Profit Sharing)
**Up to a maximum salary for the contribution of CLP 4,419,766.78 (including Legal Profit Sharing)
