Translate:

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]
[1] Organic Law on Science, Technology and Innovation, Official Gazette No. 6.151 Ext. of November 18, 2014
[2] Administrative Guidelines No. 015-030, Official Gazette No. 41.663 of June 27, 2019, in force since that date.
Explore More Insight
View All