https://blog.novatax.cl/en/tags/utm/Recent content in UTM on NovaTax BlogHugoen-usSat, 08 Aug 2026 00:00:00 +0000https://blog.novatax.cl/en/que-es-la-utm/Sat, 08 Aug 2026 00:00:00 +0000https://blog.novatax.cl/en/que-es-la-utm/<p>If you read about the <a href="https://blog.novatax.cl/en/ley-id-chile/">R&amp;D Law</a>, you&rsquo;ll see the acronym <strong>UTM</strong> in almost every requirement. Before doing any calculation, it helps to understand what it is and why it&rsquo;s used.</p> <h2 id="what-the-utm-is">What the UTM is</h2> <p>The <strong>Unidad Tributaria Mensual (UTM)</strong>, or monthly tax unit, is a unit of account used in Chile to express tax amounts: fines, thresholds, caps and benefits. Its value in pesos <strong>changes every month</strong>, because it is adjusted for consumer price inflation (CPI).</p>