SCHEDULE FOR VAT RETURN AND PAYMENT BY SPECIAL TAXPAYERS

Administrative Ruling SNAT/2019/00048 of March 7, 2019, 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. 41.613 of April 9, 2019 (the “Ruling”). The Ruling established the Schedule for the Return and Payment of Value Added Tax (VAT) by the Special Taxpayers that perform the activities mentioned in the Ruling.

The Special Taxpayers that are engaged in the performance of mining or hydrocarbon and connected activities, such as refining and transportation, and are not receivers of royalties derived from said operations must file the VAT returns and make the respective VAT payments on a monthly basis, as per the last digit of the Fiscal Information Registry (Registro Único de Información Fiscal – “RIF”), on the due dates of the schedule published in the Ruling.

The Special taxpayers that are engaged exclusively in exempt or exonerated activities must file the informative VAT return on a quarterly basis, as per the last digit of the RIF, on the due dates of the schedule published in the Ruling. The quarterly VAT return will give rise to the Income Tax advances that are to be paid on the date indicated in the relevant payment commitment.

The Ruling became effective on April 09, 2019.

In order to access the Ruling, please click here.

Should you have any question or comment or require further information, please contact the partner in charge of your account via email.