In Venezuela, legal entities or economic entities that carry out economic activities in Venezuela and obtain gross annual income over 100,000 Tax Units must pay a special science and technology contribution. The contribution may be 0.5%, 1% or 2%, depending on the taxpayer's activity. Taxpayers must pay the contribution to the National Fund for Science, Technology and Information (FONACIT).Taxpayers must file a return and pay the contribution between April 1 and July 31 of each year. For 2018, however, FONACIT, extended the deadline one month until August 31, 2019.
 Organic Law on Science, Technology and Innovation, Official Gazette No. 6.151 Ext. of November 18, 2014
 Administrative Guidelines No. 015-030, Official Gazette No. 41.663 of June 27, 2019, in force since that date.
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