Venezuela - Taxes

[eduartua]

ENglish:
In accordance with the provisions of Article 27 of the Act establishing the Value Added Tax (VAT), the general tax rate applied in fiscal 2009 is set at twelve percent (12%), and the tax rate for operations referred to in Article 63 of that Act set at eight percent (8%). Activities remains safe, legal businesses, or operations in free zones, free ports and free zones, that in accordance with the provisions of the Act are exempt from that duty or an aliquot be applied differently.
Español:
De conformidad con lo establecido en el artículo 27 de la Ley que establece el Impuesto de Valor Agregado (IVA), la alícuota impositiva general a aplicarse en el ejercicio fiscal 2009 se fija en doce por ciento (12% ), y la alícuota impositiva para las operaciones en que se refiere el artículo 63 de la mencionada Ley que fija en ocho por ciento (8%). Queda a salvo actividades, negocios jurídicos, u operaciones realizadas en zonas libres, puertos libres y zonas francas, que de conformidad con lo establecido en la Ley que estén exentas del mencionado impuesto o deban aplicarse una alícuota distinta.

IVA_LEYES_VENEZUELA.pdf

[Foxmen]

the tax in venezuela are:

Normal ( 12%) or Reduce ( 8% ) or None ( 0% )

Taxe Name: IVA


Case Nro. 1: Normal Tax 12%:
----------------------------------------
This Tax is the most used


Example: Product with price = 1000 and tax = 12%

1000(price product) + 12%(tax) = 1.120 <--- final price

Legislation/regulation about tax display on the invoice:
Subtotal: 1000
Iva(12%): 120
Total: 1.120



Case Nro. 2: Reduce Tax 8%:
-----------------------------------
This Tax is for some food, medicine, etc

Example: Product with price = 1000 and tax = 8%

1000(price product) + 8%(tax) = 1.080 <--- final price

Legislation/regulation about tax display on the invoice:
Subtotal: 1000
Iva(8%): 80
Total: 1.080


Case Nro. 3 No Tax:
-------------------------
This Tax is for some food, medicine, services, etc

Example: Product with price = 1000 and tax = 0%

1000(price product) + 0%(tax) = 1.000 <--- final price

Legislation/regulation about tax display on the invoice:
Subtotal: 1000
Total: 1.000
---
Legislation/regulation about tax display on the invoice with all taxes:

Subtotal: 3000
Iva(12%): 120
Iva(8%): 80
Total: 3.200


-------------------------------------------------------------

EN ESPAÑOL:

En Venezuela hay un iva normal (12%) y otro reducido(8%) y tambien productos/servicios exentos (0%)

El nombre del Impuesto es: IVA


Caso Nro. 1 Iva Normal 12%
-----------------------------
Es el impuesto mas frecuente y que se aplica a la mayoria de los casos

Ejemplo: Un producto que el precio sea 1000 y el impuesto al 12%:

1000 + 12% = 1.200 <--- precio final


Caso Nro. 2 Iva Reducido 8%:
-------------------------------
Se usa para ciertos productos como alimentos, medicinas etc

Ejemplo: Un producto que el precio sea 1000 y el impuesto al 8%:

1000 + 8% = 1.080 <--- precio final


Caso Nro. 3 Exento:
-------------------------
Se usa para ciertos productos como alimentos, medicinas, servicios etc

Ejemplo: Un producto que el precio sea 1000 y exento

1000 + 0% = 1.000 <--- precio final

[Matthieu Biart]

Hi everyone!

Thank you for your contributions.

The Vanezuela product taxes are clear now.

But what about vouchers, shipping and handling taxes ?

[Foxmen]

Hi,
Normal Tax apply to shipping costs, handling costs
Shipping and handling are charged with normal tax 12%
( Some company don't charge shipping its free for clients )
-----------------------
About voucher/discount
voucher amount must be 12% Tax IVA INCLUDED
-----------------------
if you sell to a venezuela company/person: apply the same tax
if you sell to a non-venezuela company/person: apply the same tax
------------------------
company can show products/services prices with IVA included or excluded
------------------------
Legislation/regulation about display on the invoice:
the invoice must have the name and customer identification, identification in Venezuela is a code called " RIF "

[Matthieu Biart]

Ok, everything is clear now except:

Hi,
Shipping and handling are charged with normal tax 12%
( Some company don't charge shipping its free for clients )

So what happens?
Does the seller pay the taxes or does nobody pay any taxes?
That's unclear.

Thank you in advance.

[Foxmen]

Ok, everything is clear now except:

Hi,
Shipping and handling are charged with normal tax 12%
( Some company don't charge shipping its free for clients )

So what happens?
Does the seller pay the taxes or does nobody pay any taxes?
That's unclear.

Thank you in advance.

Hi Matthieu

Case Nro.1: the amount of shipping shown on the invoice:

The seller send order and charge shipping

Seller pay taxes, Shipping and handling are charged with normal tax 12%


Case Nro. 2: the amount of shipping not on the invoice:
The seller send order ( the shipping its free ( the clients don't pay anything about shipping ) )


Case Nro. 3: the amount of shipping not on the invoice:
The seller only send order

the seller send the order by the carrier that the customer chooses, when the customer receives the shipment is paid directly to the carrier

this situation is the most common

[Matthieu Biart]

Case Nro.1: the amount of shipping shown on the invoice:

The seller send order and charge shipping

Seller pay taxes, Shipping and handling are charged with normal tax 12%

Since the seller pay taxes, shipping and handling costs are displayed on the invoice tax excluded. Right?

[Foxmen]

Case Nro.1: the amount of shipping shown on the invoice:

The seller send order and charge shipping

Seller pay taxes, Shipping and handling are charged with normal tax 12%

Since the seller pay taxes, shipping and handling costs are displayed on the invoice tax excluded. Right?

NO,

shipping and handling costs are displayed on the invoice tax with 12%

[Matthieu Biart]

OK.

Thank you.