Guides a Venezuelan self-employed individual (persona natural con actividad económica) through the full annual ISLR filing (Forma DPN-99075 / portal SENIAT) and quarterly IVA declarations, applying the correct Tarifa No. 1 brackets (in Unidades Tributarias), Desgravamen deductions, ISLR retenciones credit, and IVA Libro de Ventas/Compras reconciliation.
Confirm the client is registered in the SENIAT portal (RIF active), enrolled in the IVA regime if annual gross income exceeds 40,000 UT (Bs. 1,720,000 at the 2025 UT of Bs. 43), and that their economic activity code (CIIU) on file is correct. Verify whether any retenciones de ISLR were withheld at source by paying clients under the SENIAT Retenciones system.
Gather all invoices issued (facturas) for the calendar year and convert total gross income to Unidades Tributarias using the official UT value published by SENIAT for the tax year (SNAT/2025/000048: Bs. 43.00 per UT for 2025). Identify the applicable Tarifa No. 1 bracket and flag any income earned from special-rate activities (hydrocarbons, banking).
Determine whether the standard Desgravamen Único (774 UT = Bs. 33,282 at 2025 UT) or itemized Desgravamen Detallado produces a lower tax liability. Additionally, identify all deductible business costs and expenses under Art. 27 ISLR Law (operating expenses, ISAE municipal tax paid, LOCTI contributions at 0.5% of gross for most activities) that reduce net self-employment income before applying the tariff.
Apply Tarifa No. 1 using the formula (Income × Rate) − Fixed Deduction (UT values) to compute gross ISLR liability. Subtract all ISLR retenciones withheld at source by clients during the year (evidenced by Comprobantes de Retención) to arrive at ISLR payable or refundable. Flag if ISLR advance payments (porciones) were made during the year.
For clients who are IVA contributors, reconcile the Libro de Ventas (output IVA at 16% standard or 8% reduced rate on eligible services) against the Libro de Compras (input IVA credits) for each quarter and prepare the quarterly IVA declaration via the SENIAT portal. Flag any luxury surcharge (15% additional on qualifying transactions) or foreign-currency surcharge (IGTF, 5–25%) exposures.
Submit the Declaración Definitiva de Rentas via the SENIAT online portal by the 31 March deadline (for calendar-year individual filers). Make any ISLR balance-due payment via authorized banks or SENIAT's electronic payment gateway. Retain all supporting documentation for the minimum statutory period (5 years under COT 2020) and note key upcoming deadlines for the following year.
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Venezuela Tax Optimization
Use this skill whenever asked about reducing tax in Venezuela, tax planning, saving tax, o
Venezuela Income Tax (ISLR) — Individual
Use this skill whenever asked about Venezuela personal income tax (ISLR — Impuesto Sobre l