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Venezuela Provides Extension for Science, Technology, and Innovation Contribution Filing and Payment due to COVID-19

|Approved Changes|Venezuela
Venezuela

According to recent reports, Venezuela published Administrative Providence No. 015-049 in the Official Gazette on 30 June 2020, which provides for an extension of the deadline for the filing and payment of the science, technology, and innovation contribution in respect of 2019 due to the COVID-19 state of emergency. 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 that earn gros…

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