Corporate income tax (ISLR) return
We prepare and file your company's annual ISLR (income tax) return with SENIAT, based on your year-end close. From $120.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- Companies that must file their annual ISLR return and want to do it well supported, on time and without exposing themselves to SENIAT tax assessments or fines
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Determination of taxable net income based on your year-end close.
- Calculation of ISLR with the applicable rates and bracket deduction.
- Completing and filing the return on the SENIAT portal.
- Supporting working papers.
- Receipt for the filed return.
Does not include
- Payment of the resulting tax (the company covers it).
- The year-end close for the fiscal year if it isn't done yet (that's Annual accounting close).
- ISLR advance payments and installments for special taxpayers (larger taxpayers designated by SENIAT), which are handled separately.
- An audit with an independent auditor's opinion.
- Legal advice.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 6.
- The company's current RIF (Venezuelan tax ID)
- Year-end close for the fiscal year
- Financial statements for the period
- Receipts for any ISLR withholdings made on your payments
- Prior fiscal year, for comparison
- Your contact details so we can coordinate
How the process works
You do very little. We take care of the rest. The whole process: on average, 5 to 10 business days.
- Step 1
We start from your close
We begin with your year-end close for the fiscal year.
We do this - Step 2
We determine what's taxable
We calculate taxable net income.
We do this - Step 3
We calculate and file
We work out the ISLR, put together the working papers and file with SENIAT.
We do this - Result
Done
We hand you the receipt for the filed return.
You receive it
Once we have your year-end close for the fiscal year.
What it costs and how to pay
Clear from the start.
Our fee: we do all the work for you.
How you pay: 50% when we start and 50% on delivery. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment depends on the scale of the fiscal year. What you pay us, professional fees from $120 to prepare and file the annual ISLR return. It goes up with the size of the company and the complexity of the fiscal year
What goes to the government, the company pays the resulting ISLR to SENIAT; we calculate it and file it Your accountant gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I don't file the company's ISLR?
Fines of 100% to 300% of the unpaid tax, and for delays of more than a year, even temporary closure of the business. It's the most expensive omission on the tax calendar.
When is it filed?
In the first quarter of the year after the fiscal year closes.
How much does it cost?
The professional fee, from $120, covers preparing and filing the return based on the year-end close; you pay the tax.
Where does it come from?
From the annual year-end close; without a close, there's no clean return.
How much is the tax?
Rates of 15% to 34% for legal entities, depending on income.
About this procedure
The corporate ISLR return is the big tax date of the year for every company. It's the final income tax return, filed in the first quarter of the year after the fiscal year closes, and it determines how much the company really earned and how much tax it owes the government. Rates for legal entities run from 15% to 34% depending on the income level, with their bracket deduction (sustraendo), and everything is filed through the SENIAT portal.
Here's the delicate part: this return doesn't come out of thin air; it feeds directly off the year-end close. If the close is done right, the return comes out clean; if there are errors at the base, they carry over into the return, and that's when the tax assessments, discrepancies and fines show up, ranging from 100% to 300% of the unpaid tax. Not filing, or filing late, is one of the failures SENIAT charges most for, and for companies more than a year behind, it can even mean temporary closure of the business.
We take your year-end close, determine your taxable net income, calculate the tax with the applicable rates and bracket deduction, and file your return on time, fully supported by working papers. The price starts at $120 and goes up with the size of the company and the complexity of the fiscal year. A licensed accountant reviews your case and gives you the exact figure before we start, no strings attached.
Legal framework and important notes
Código Orgánico Tributario (Organic Tax Code) · Ley del ISLR (Income Tax Law) · SENIAT calendar for special taxpayers
- The final ISLR return for legal entities is filed in the first quarter of the year after the fiscal year closes
- Rates of 15% to 34%, with a bracket deduction
- It feeds off the annual year-end close
- Not filing, or filing late, brings fines of 100% to 300% of the unpaid tax
- Paying the tax is the company's responsibility
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.