FONACIT Extended Until August 31, 2019 the Deadline for Taxpayers to File the Return and Pay the Science and Technology Contribution for Fiscal Year 2018 in Venezuela

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]

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