Venezuelan VAT returns

VAT registered businesses must submit online returns on a monthly basis. Returns are due by the 15th of the following month. Payments are due at the same time by online transfer. Cash payments are possible at banks.

VAT credits, where input VAT suffered exceeds that charged on sales in a return period, are generally carried forward to future periods. The exception is for regular exporters who have no, or limited, output VAT. They may seek a refund from Seniat.

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...