In Venezuela the tax authority is called “Servicio Nacional Integrado de Administración Aduanera y Tributaria”
in english it´s like or similar to “National Custom and tax administration Integrate Service”, It’s abbreviation is “SENIAT”, institution that has been established for regulations, report tax and as it’s should do the declaration for companies
and workers, this regulation is for all the country and it’s not fulfilled the law has hard punish for this cases.
The SENIAT establishes resolutions that will be publishing in “Gaceta Nacional” in ingles is like or similar to “National Gazette” and from that moment is current in all national territory.
These regulations set clearly for sales of goods and services how should be applied the tax percentage on sales, free goods, donations and of course the tax percentage to be applied, here one of the specific aspect or definition applied is that the tax must be charge to the buyer of goods or services or to who donates the goods or services, this criterion it’s applied to consumers or companies. In addition to this scenario the “Ley del Impuesto Sobre la Renta” in English, “Income tax Law” is abbreviate as “ISLR” that is applied to annual income specifically and this law allows to report all donations that it has made in the year for reduce to amount to pay but for its can be allow to the declare to “ISLR” it´s necessary
to enter the bill or receipt with the document declare, consequently the way how to show the business and legal origin of the goods or services purchased, gifted (free goods) or donated is a source document that in Venezuelan’s case
is an invoice.
Based on the resolution, the invoice, credit memo and debit memo has to be adapted and comply with these rules for avoid sanctions, so it´s necessary that sales process like free goods show all the information required in an invoice including taxes and these taxes have to be registered and showed in the general ledger and sales ledger because it’s a sale without profit.
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The contributors are companies and people who has a formal job, both of them have to declare their annual income and pay taxes basis on that income.
Control number, it´s the unique number assigned to the invoice, credit memo, debit memo and this number is part of number’s series authorized by the SENIAT to each company.