Informative Declaration of Patrimony - Special Taxpayers (Legal Persons)
Administrative Ruling No. SNAT/2016/0002, dated January 16, 2017 (the “Ruling”), 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. 41.075 of January 16, 2017. Said Ruling established the obligation imposed on the legal persons categorized as special taxpayers to file an informative declaration of their patrimony.
The Ruling establishes that patrimony will be understood as the group of assets and rights with an economic content. The aforesaid special taxpayers must file the Informative Declaration of Patrimony within a period of 90 days following the entry into force of the Ruling, in compliance with the conditions and technical specifications established in the fiscal web site of the SENIAT.
The special taxpayers that fail to perform said obligation will be penalized in accordance with the Organic Tax Code.
The Ruling became effective as from its publication in the Official Gazette.
In order to access the 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.”