Country Profile: Chile

Tax to GDP ratio: 20.6%

Progressive Vertical Index (PVI): 0.6717 — Regressive

Aviation: No information available

Financial Transactions Tax (FTT): No information available

Oil & Gas Revenues:

  • Total government revenue from oil & gas in 2022: $2.2 billion
  • Share of oil & gas activity covered: Mostly mining

Source: PBPR

These figures represent an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.

Carbon Pricing: Yes – carbon pricing instrument in place

  • Instruments: National Carbon Tax
  • Emissions covered: 55%
  • Price: US$5.00
  • Revenue: CLP 171 million
  • Sectors covered: Electricity and heat, Industry, Mining and extractives
  • Offsetting: Yes, unlimited

Source

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