Regulation on Sole Registry of Fiscal Information (“RIF”)
Administrative Ruling No. 0048, issued by the National Integrated Service of Customs and Tax Administration (“SENIAT”), was published in Official Gazette No. 40.214 of July 25, 2013. Said Ruling regulates the Sole Registry of Fiscal Information (Registro Único de Información Fiscal - “RIF”). It repeals Administrative Ruling No. 0073 of February 6, 2006, published in Official Gazette No. 38.389 of March 2, 2006. The most significant aspects of this Ruling are:
The natural and legal persons and the unincorporated entities that are payers of taxes administered by SENIAT or that have to comply with formalities before any entity or agency of the Public Administration must be registered with the RIF, as well as the persons or entities not residing or not domiciled in the Bolivarian Republic of Venezuela that do not have a permanent establishment or fixed base, if they carry out economic activities in the country or have property capable of being taxed.
Foreigners who temporarily enter the country with a tourist or transit visa and do not acquire the status of residents are exempt from registration with the RIF, except if they carry out economic activities. Minors who do not have property and do not carry out economic activities are also exempt.
The application for registration with the RIF, as well as any modification, updating, or another formality related to the same, must be made in accordance with the requirements and specifications established in the Fiscal Web Site.
The SENIAT, after verifying compliance with the conditions, requirements, and procedures established, will issue a Digital RIF Certificate. This Certificate will be valid for three (3) years after the date of issue. The persons/entities registered with the RIF must present the Certificate when requested by a SENIAT officer, exhibit the same at a visible place of their offices, indicate the RIF number in the invoices and other documents or contracts issued by them, indicate the number in the requests or documents addressed to official agencies, indicate the number in the books of account and other books required, place it in labels and packages, indicate it in advertising announcements in the movies, on television, in newspapers, etc., and show the same in all other cases indicated by SENIAT.
The Ruling also establishes that the taxpayers that are registered with the RIF at the time of the entry into force of this Administrative Ruling and have the Certificate issued by the SENIAT through form SIR RIF 07 may use it until the expiration of the same. Also, the persons/entities registered with the RIF that require the Digital Certificate of the same may print it out following the procedures to that end established directly on the Fiscal Web Site.
Failure to comply with the provisions established in this Administrative Ruling will be penalized in accordance with the provisions of the Organic Tax Code.
The Ruling became effective upon its publication in the Official Gazette.
In order to access the Resolution, please click here.
“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”