Venezuelan Revenue Service Publishes Two Administrative Guidelines and Calendars for Taxpayers

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The National Integrated Service of Customs and Tax Administration ("Revenue Service") published both the "Special Taxpayers and Withholding Agents 2020 Calendar" ("Administrative Guidelines 339") and the " calendar for taxpayers (that are not special taxpayers), subject to the playing, betting and gambling activities' tax'' ("Administrative Guidelines 340").¹

Administrative Guidelines 339 established that special taxpayers must file their returns and pay the VAT and income tax (including advances), the gambling activities tax, the high net worth tax, and the VAT and income tax withholdings, according to the last digit of their Tax Information Registry ("Tax ID"), as per these calendars:

1. VAT, VAT and income tax advances and VAT withholdings:

2. Income tax withholdings:

3. Playing, betting and gambling activities

4. Income Tax withholding for lottery awards

a. Made between the 16th and last day of each month, both inclusive:

b. Made between the 16th and last day of each month, both inclusive:

5. Annual Income Tax Return - Fiscal Year from January 1 to December 31, 2020

Individuals and legal entities must file the annual income tax return for the fiscal year between January 1, 2019 and December 31, 2019 and pay the tax on the dates established by the calendar.

In case of payment in three portions, the special taxpayers must pay the second portion 20 continuous days after the expiration of the period for the annual income tax return and must pay the third portion 40 continuous days after the expiration of the period for the annual income tax return.

The special taxpayers engaged in mining, hydrocarbon or related activities, which are also recipients of royalties derived from those activities, must file the estimated tax return within 45 continuous days after closing their fiscal year.

6. Annual income tax return for taxpayers with fiscal years other than the calendar year

7. High net worth tax

Special taxpayers engaged in mining, hydrocarbon or related activities (such as refining and transport) and do not perceive royalties related to the mentioned activities, must file the monthly VAT return. Special taxpayers engaged in exonerated activities must file a quarterly informative VAT return, according to the last digit of their Tax ID as per this calendar:

8. Playing, betting and gambling activities

Administrative Guidelines 340 established that special taxpayers must file the gambling activities tax return, through the Revenue Service's portal,² according to the last digit of their Tax ID as per this calendar:

[1] Administrative Guidelines No. SNAT/2019/00339 (Special Taxpayers Calendar) and SNAT/2019/00340 (Playing, betting and gambling activities tax), Official Gazette No. 41.788 of December 26, 2019.

[2] www.seniat.gob.ve