Extension of time for filing IT return and paying IT of Fiscal Year 2017
Administrative Ruling No. SNAT/2018/0021, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria - SENIAT), was published in Official Gazette No. 41.363 of March 19, 2018. Said Ruling extended the period of time for filing the income tax (IT) return and paying the IT corresponding to Fiscal Year 2017.
The Administrative Ruling established the following:
1. An extension until May 31, 2018 in order for natural and legal persons to file the returns and pay the IT of Fiscal Year 2017.
2. The natural persons who decide to pay the IT in portions will pay it as follows: a) the first portion must be paid on May 31, 2018, b) the second portion, 20 calendar days after the end of the period of time for filing the relevant income declaration, and c) the third portion, 40 calendar days after the end of the aforesaid period of time. The natural persons who already filed their return and decided to pay the IT in portions will pay said portions as aforesaid.
3. With respect to special taxpayers, the periods of time established in the schedule for special taxpayers (see Article 1, letter “g” of Administrative Ruling No. SNAT/2017/0053 of October 19, 2017) in order to file the return and pay the relevant IT is also extended until May 31, 2018. Also, with respect to special taxpayers with an irregular Fiscal Year ending in the months of October and November 2017 and January and February 2018, the period of time established in the schedule for special taxpayers (see Article 1, letter “h”, of Administrative Ruling No. SNAT/2017/0053 of October 19, 2017) is extended until May 31, 2018.
The Administrative Ruling became effective upon publication in the Official Gazette of the Bolivarian Republic of Venezuela.
In order to access the Administrative Ruling, 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.”