VAT (IVA) withholdings
We handle your VAT withholdings as a withholding agent: calculation, remittance and receipts, on time. From $65.
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 designated as VAT withholding agents, usually special taxpayers, that need to withhold, remit and issue receipts correctly without risking penalties
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Calculation of the period's VAT withholdings (75% of the tax).
- Generation of the withholding XML file.
- Remittance on SENIAT's portal within the deadline.
- Issuing withholding receipts for your suppliers.
- Proof of remittance.
Does not include
- Paying the withheld amount itself (it's money you already withheld from your suppliers, and you pay it to SENIAT).
- Your own VAT return (separate service).
- ISLR (income tax) withholdings (separate service).
- Full bookkeeping (Monthly accounting).
- Legal advice.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 5.
- Current RIF (Venezuelan tax ID) and designation as a withholding agent
- Supplier invoices for the period with their VAT
- Your suppliers' tax details
- Access to or login details for SENIAT's portal
- Your contact details to coordinate each period
How the process works
You do very little. We take care of the rest.
- Step 1
We review the invoices
We analyze the period's supplier invoices.
We do this - Step 2
We generate the XML
We work out the withholdings and generate the XML file.
We do this - Step 3
We remit to SENIAT
We remit on SENIAT's portal within the deadline.
We do this - Result
Done
We issue the withholding receipts for your suppliers.
You receive it
Within the twice-a-month schedule set by SENIAT (Venezuela's tax and customs authority) for withholding agents.
What it costs and how to pay
Clear from the start.
Our fee: we do all the work for you.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment depends on the volume of suppliers and invoices. What you pay us, professional fees from $65 per period. It goes up depending on how many withholdings you process
What's remitted to the government, the VAT withheld from your suppliers, which you remit to SENIAT; we calculate, generate and file it The accountant gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I withhold incorrectly or remit the VAT late?
You're handling the treasury's money. An error is penalized harshly, and a delay generates fines and interest from day one. It's the most sensitive procedure a withholding agent handles.
How much is withheld?
75% of the VAT on the supplier's invoice.
How much does it cost?
The professional fee, from $65, covers the calculation, the receipts and the return for one half-month period; it can be folded into Monthly accounting.
Who has to do it?
Companies designated as withholding agents, usually special taxpayers.
How often?
On the twice-a-month schedule of SENIAT's calendar.
About this procedure
When your company is designated a VAT withholding agent, usually because it's a special taxpayer (a larger taxpayer designated by SENIAT), you take on a sensitive responsibility: every time you pay a supplier, you have to withhold 75% of the VAT on that invoice, remit that money to SENIAT within the deadline, and give your supplier the withholding receipt. It isn't your tax; it's third-party money passing through your hands, and that's exactly why SENIAT is relentless with anyone who mishandles it.
The process is technical and unforgiving: you have to generate the withholding XML file correctly, upload it to the portal, remit on the calendar's twice-a-month schedule, and issue every receipt in line with the regulations. An error in the XML, a late remittance or a poorly issued receipt exposes you to penalties, and since you're handling money that belongs to the treasury, the consequences are among the most serious in the tax system.
We handle the whole cycle of your VAT withholdings: we calculate, generate the file, remit on time and issue the receipts for your suppliers. Prices start at $65 per period and go up with the volume of invoices and suppliers you handle. And if you want to forget about it altogether, it fits into Monthly accounting. An 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 IVA (Value-Added Tax Law)
- VAT withholding agents, usually special taxpayers, withhold 75% of the VAT from their suppliers, generate the XML file, remit on SENIAT's portal twice a month and issue withholding receipts
- The withheld amount belongs to the treasury; remitting it is the agent'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.