background image
Venezuela Changes Threshold and Payment Period for Science, Technology, and Innovation Contribution Payment — Orbitax Tax News & Alerts

According to recent reports, Venezuela has made amendments to the science, technology, and innovation contribution, including changes in the threshold and payment period for the contribution. The annual contribution of 0.5% to 2.0% of gross income, depending on activity, is due by both resident and non-resident companies carrying on business in Venezuela. Previously due by companies that...