TaxNewsFlash-Americas

November 17, 2009
No. 2009-26

Venezuela

New Rules Requiring Electronic Filing of Tax Returns

Guidance (Providences N°SANT/2009/0103 and 0104) issued by the Venezuelan tax authority (Servicio Nacional Integrado de Administración Aduanera y Tributaria—SENIAT) and published in the Official Gazette 39.296 (October 30, 2009), establishes that individual taxpayers and companies must file their income tax returns and value added tax (VAT) returns electronically via the SENIAT Web side.

Companies must file their income tax returns electronically, via the SENIAT Web site for all periods beginning on or after January 1, 2009, and by following the instructions provided on the SENIAT Web page.

Individual taxpayers having no income tax due must file their income tax returns electronically via the SENIAT Web site before March 31, 2010, for the tax year beginning January 1, 2009.

Companies and individuals must also file via the SENIAT Web site their monthly VAT returns for all periods beginning on or after November 1, 2009 (using the instructions posted on the SENIAT Web site, with the first VAT return to be electronically filed during the first 15 days of the next month, i.e., December 2009).

Taxpayer may choose to remit tax payments either electronically or with hardcopy of the electronically filed form (i.e., a printout of the electronically filed return).

For more information, contact a tax professional with KPMG in Venezuela:

Zulay Perez, +58 (212) 277 7881, zperez@kpmg.com

Alessandra Montagna +58(212) 2777943, amontagna@kpmg.com

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