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30 July 2019
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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).[1]
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.[2]