LOCTI filing
We calculate and file your LOCTI contribution with FONACIT in the SIDCAI system, so your company is up to date on science and technology. 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 already registered as contributors that must file their LOCTI contribution with FONACIT, correctly calculating the percentage on their gross revenue in the SIDCAI system
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Calculating the contribution with the correct percentage for your activity.
- Assessment on gross revenue in line with LOCTI.
- Filing the return in the SIDCAI system.
- Your company up to date with the period's contribution.
Does not include
- Prior registration as a contributor, if it's missing (separate service: FONACIT registration).
- FONACIT's electronic compliance certificate (separate service: FONACIT compliance certificate).
- Payment of the contribution, which is the company's responsibility.
- Catching up on earlier periods that were skipped (quoted separately).
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 5.
- Company registered as a contributor with FONACIT
- Financial statements and gross revenue for the period
- ISLR return for the fiscal year
- The company's main business activity
- Your contact details to coordinate
How the process works
You do very little. We take care of the rest. The whole process: on average, 5 to 8 business days.
- Step 1
We review your revenue
We analyze your gross revenue and your activity.
We do this - Step 2
We calculate the contribution
We determine the percentage that applies to you and calculate the amount.
We do this - Step 3
We file in SIDCAI
We file the return in FONACIT's system.
We do this - Result
Done
You're up to date, with the filing record.
You receive it
Depending on the volume of information and the system of FONACIT (national science and technology fund).
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The agency's fees, if any. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
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 covers our calculation and filing work. What you pay us, professional fees from $120 to calculate the contribution and file the return. It goes up with the volume of information
The LOCTI contribution itself (the percentage of your gross revenue) is paid by the company, separately The accountant gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I file LOCTI wrong?
FONACIT cross-checks figures with SENIAT: if you underreport, you get penalized, and if you overreport, you give money away. It's calculated on gross revenue, with nothing subtracted.
What is the contribution calculated on?
On gross revenue, with no deduction for costs or expenses.
How much does it cost?
The professional fee, from $120, covers the calculation and the filing in SIDCAI; it's adjusted to the volume. The company pays the contribution.
How much is it?
From 0.5% to 2% depending on the activity (2% for casinos, liquor and tobacco).
Why use an accountant?
So you don't overreport or underreport; FONACIT cross-checks figures with SENIAT.
About this procedure
Once a company is registered as a contributor, it has to file its LOCTI contribution, and this is where almost everyone gets tangled up, because the calculation has its tricks. The contribution is based on gross revenue, with no deduction for costs or expenses, applying the percentage that matches your business activity: two percent for casinos, liquor and tobacco, and lower percentages for all other activities. The amended law also changed how the contribution is assessed and filed, based on the SIDCAI system and on data cross-checked against your ISLR (income tax) return.
Doing it yourself carries a double risk: if you underreport, you're exposed to tax assessments (reparos), fines and late-payment interest when FONACIT cross-checks your figures against those of SENIAT (Venezuela's tax and customs authority); and if you overreport, because you didn't apply the gross revenue concept or the percentage correctly, you end up contributing money you didn't have to. In a contribution calculated on revenue and not on profit, every percentage point misapplied is real money.
We file it right for you: we calculate the contribution with the correct percentage on your gross revenue, file the LOCTI return with FONACIT in the SIDCAI system and get you up to date. The price starts at $120 and is adjusted to the volume of information. An accountant reviews your case and confirms before we start, no strings attached.
Legal framework and important notes
- The LOCTI contribution is calculated on gross revenue (with no deduction for costs or expenses), at a percentage based on activity. 2% for casinos/liquor/tobacco; lower for the rest
- It's filed through the SIDCAI system; FONACIT cross-checks it against the ISLR return (form DPJ)
- Underreporting leads to tax assessments, fines and interest
- The company pays the contribution
- Catching up on earlier periods is quoted separately
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.