Venezuelan VAT registration

Any business providing taxable supplies in Venezuela is liable to obtain a tax payer identification number which covers VAT and income tax. There is no VAT registration threshold, and pre-registration input VAT may not be recovered. There is no voluntary VAT registration option. Tax payers must appoint a tax representative. Non-resident businesses without a permanent establishment may not VAT register.

Businesses must register within 30 days of establishing themselves. This is done through an online application to Seniat.

In the case of imported B2B services, there is no automatic requirement for a foreign supplier to register; instead the Venezuelan customer may record the import under the reverse charge rule.

Business customers of non-resident providers of digital services may apply the reverse charge; consumers are not liable to VAT for this supply. There is therefore no requirement for the foreign digital services company to VAT register in Venezuela.

There is no scope for Group VAT registrations for connected businesses. 

Latest news

Venezuela raises VAT to 16%

August 22, 2018

Venezuela has introduced an emergency 4% VAT rise to 16% from 1 September 2018...

Venezuela reduces VAT on credit cards to cut fraud

September 23, 2017

Venezuela has announced VAT rate cuts to its standard VAT rate of 12% when businesses or consumers use their bank...

Venezuela offers discounted VAT on card payments

December 25, 2016

Venezuela is to offer a 2% VAT rate discount to consumers purchasing goods or services by electronic payments, including credit cards and wire transfers...