Nicolás Maduro, president of Venezuela, announced on Friday, July 12, during the National Council of Productive Economy, a decree for the immediate elimination of the Large Financial Transactions Tax (IGTF) in bolivars, a measure established in 2022.

Maduro indicated: “I sign the decree to eliminate 2 % of the IGTF, but we must increase efficiency in the collection of taxes that exist adapted to the need to produce more.”

Maduro anuncia eliminación del IGTF aunque sin concretar desde cuándo | El Interés | El Estímulo https://t.co/3ABfqRJ1cR

— El Estímulo (@elestimulo) July 13, 2024

According to the president, “the increase in tax collection above 160 % allows this decision to be made.”

During the event, he asked the National Economic Council to do more so that financing reaches medium and small producers; “so that it does not become a funnel of resources for a few.”

M.Pino

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From anywhere and at any time, Bancamiga clients can check and cancel their taxes and duties easily and securely, through Bancamiga Online and through Bancamiga Suite, recalls a statement from the financial institution.

Bancamiga’s robust technology platform allows paying the municipal taxes of the municipalities of Sucre, El Hatillo, Chacao, Libertador, and Baruta (Caracas), Paez (Portuguesa), Gran Sabana, Caroní and Angostura del Orinoco (Bolívar), Vargas (La Guaira), Girardot (Aragua) and Simón Rodríguez (El Tigre).

In the case of Chacao, Baruta and Páez, the websites of these mayors have a Payment Button, which allows people to cancel online regardless of their financial institution.

The Executive Chairman of Bancamiga Banco Universal, Ariel José Martínez, said that an important advantage that Bancamiga offers its clients is that they can pay their services and taxes easily and securely 365 days a year, through a technology platform that has a user-friendly and easy-to-use interface.

To make the payment of taxes you just have to log in to www.bancamiga.com (https://www.bancamiga.com) or go to the application, option of Organismos Públicos/Alcaldías complete the requested information and make the payment.

Easy and secure payment of other tax obligations and commitments with Bancamiga

In Bancamiga Online and Bancamiga Suite, Regular and Special Taxpayers can also pay IVA, withholding IVA, ISLR advances, ISLR, ISLR withholding tax, IGTF, among others. Also the procedures of the Autonomous Registry and Notary Service (SAREN), as well as the obligations associated with SUNAGRO.

For Bancamiga, it is essential to facilitate procedures for its clients because of the positive impact it has on their quality of life, concludes the statement.

With information and reference image of Bancamiga Banco Universal

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Decree No. 4,784 was recently published, which exempts cryptocurrency purchase/sale operations, such as Bitcoin, and payments made with these assets for goods and services within Venezuelan territory from the payment of the Tax on Large Financial Transactions (IGTF).

This measure also applies to remittances sent from abroad through authorized institutions using cryptocurrencies or other assets other than the Petro, which means that the beneficiaries will not be subject to tax. The duration of this provision will be one year from the date of publication in the Official Gazette number 42,575.

In addition, exchange operations carried out by natural and legal persons will also be exempt from the tax, according to this new provision. However, the “special taxpayers” designated by the Tax Code of the oil nation will not benefit from the rule and must contribute the respective rate, which ranges between 2% and 20%, depending on the type of operation carried out. and specified in the Official Gazette No. 6,687.

The IGTF exemption on cryptocurrency transactions is an important step to promote the adoption of these currencies in the country, which may have an impact on the cryptocurrency market in Venezuela.

K. Tovar

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Bancamiga Banco Universal continues to be the financial entity of reference in the banking sector, receiving 24 hours a day, 365 days a year, the payment of Ordinary and Special Taxpayers of the National Customs and Tax Administration Service (SENIAT©), through Bancamiga online and Bancamiga Suite, indicates an explanatory statement.

All Ordinary Taxpayers and those classified by SENIAT as Special can pay VAT, VAT withholdings, ISLR advances, ISLR, ISLR Withholdings, IGTF and any other tax under SENIAT control, with ease, thanks to the fact that Bancamiga has with a modern platform that allows immediate payment management, any day and at any time.

For Bancamiga, one of the most important financial institutions in the country, it is essential to simplify the lives of customers. That is why when you enter Bancamiga Online or Bancamiga Suite and go to the Public Organizations/SENIAT option, you can pay your taxes or those of third parties. The latter prior authorization on the SENIAT portal, as detailed in the information.

The obligations associated with that Institution can also be paid through the Public Organizations/SUNAGRO option.

More facilities for all taxpayers

In recent months, the possibilities have been expanded for natural and legal clients to make payments of municipal taxes, through the option of Public Organizations/CITY HALLS: of the mayors of Sucre, Baruta, El Hatillo, Bolivarian Mayor of Caroní ( Bolívar) and Mayor of Girardot (Aragua), safely, quickly and immediately, at any time of the day. Likewise, Bancamiga continues in an accelerated manner in the process of incorporating new mayors’ offices and other payments.

The executive president of Bancamiga, Ariel José Martínez Coujil, expressed his satisfaction with the efforts to improve the quality of life of customers, optimizing their time when carrying out these procedures digitally and from anywhere without the need to do so in person.

Bancamiga is consolidated in the financial system as a bank with high standards and quality of service that makes processes easier and more innovative for natural and legal persons, the institution highlighted.

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Bancamiga continues to add facilities for its customers. As of Tuesday, November 1, you can pay the municipal taxes of the mayors of El Hatillo, in the state of Miranda, and Caroní, in the state of Bolívar, through Bancamiga Online.

In this way, both dependencies join the Baruta and Sucre mayors’ offices, which have already been incorporated into the Public Organizations module that Bancamiga has in its web version and in its Bancamiga Suite application, the financial institution reported.

One of the most important advantages of using the Bancamiga platform is that customers can make their payments easily, quickly and securely, 24 hours a day, 365 days a year.

More facilities for taxpayers

The executive president of Bancamiga, Ariel José Martínez Coujil, said that this new facility confirms the bank’s effort to simplify the lives of customers, based on technological innovation, by expanding the possibilities of making municipal payments digitally and online. any moment.

“For Bancamiga it is key to be a bank with high standards and quality of service, with simple and modern processes that optimize customer management”, he added.

By entering the Public Organizations module, customers can pay, in addition to the taxes of these four municipalities, those of Seniat and Sunagro.

Already in that line of offering greater facilities, from Thursday, September 15, companies qualified as Special Taxpayers can also pay VAT, VAT withholdings, advance payments of ISLR, ISLR, IGTF and any other tax under SENIAT control, through Bancamiga Online and Bancamiga Suite.

For Bancamiga it is essential to continue its growth and that is only possible by offering quality products and services, supported by innovation and the best service to its customers and related parties, concluded Martínez Coujil.

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As of Monday, October 3, Bancamiga customers can pay their taxes at the Alcaldía de Baruta through Bancamiga Online.

In this way, Baruta joins the Alcaldía de Sucre, which two years ago was incorporated into the Public Organizations module that Bancamiga has in its web version and in its Bancamiga Suite application, reports a statement from the banking institution.

Once this module is entered, customers can pay the SENIAT, Sunagro and Alcaldías’s taxes, adds the information.

The incorporation of Baruta was possible after Bancamiga modernized its platform, which allows easier and faster payment processes, 24 hours a day, 365 days a year.

“Soon, the Alcaldía de Girardot, Aragua state, will also be added to the payment options, which ratifies Bancamiga’s effort to continue growing and providing excellent service to our customers and related parties.”

The comfort of an all-in-one technological platform

In this line of offering greater facilities, from Thursday, September 15, companies classified as Special Taxpayers can pay VAT, VAT withholdings, ISLR advances, ISLR, IGTF and any other tax under SENIAT control, through Bancamiga Online and Bancamiga Suite.

For the executive president of Bancamiga, Ariel José Martínez, it is important to simplify customers’ lives and optimize their time by carrying out these procedures digitally and at any time of the day.

“At Bancamiga it is key to be a bank with high standards and quality of service, with simple and innovative processes for natural and legal persons”, he specified.

With information from Bancamiga

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As of September 15, Special Taxpayers will be able to make their payments to the National Customs and Tax Administration Service (SENIAT), through Bancamiga Online and Bancamiga Suite.

All taxpayers will be able to pay VAT, VAT withholdings, income tax advances, income tax, IGTF and any other tax controlled by SENIAT, through Bancamiga Online and Bancamiga Suite 365 days a year, due to the robust technological system of Bancamiga Banco Universal, which operates 24 hours a day, requires a statement from the institution informing about this new facility or advantage.

The executive president of Bancamiga, Ariel José Martínez, expressed his satisfaction with the decision taken by the Public Administration that will also allow Special Taxpayers to pay their taxes immediately at any time of the day in an easy, fast and secure way, once make your statements.

As our technological platform is state-of-the-art, customers can access the page http://www.bancamiga.com or by using our “Bancamiga Suite / Banca OnLine” application at any time. By the Public Organizations/SENIAT Option and pay your taxes or those of third parties. The latter with prior authorization on the SENIAT wbsite.

State-of-the-art technology to facilitate processes

For Ariel José Martínez, executive president of Bancamiga, the fact that most of the time customers prefer to carry out their procedures online considerably benefits the institution, because Bancamiga is a technological bank, which understood long ago that face-to-face processes generate slowness and make all more complex.

Bancamiga is one of the five main banks in the country’s financial system, a leader in technological innovation, which is connected online with SENIAT 365 days a year, 24 hours a day.

The fact that Bancamiga is a bank with high technological capacity and a permanent connection with SENIAT makes the processes very simple and expeditious for taxpayers, whether they are natural or legal persons, giving them a competitive advantage, the statement concludes.

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The National Integrated Tax and Customs Administration Service (Seniat) explained that transactions carried out through payment gateways such as Zelle, PayPal, Reserve and other similar ones will be taxed by the Tax on Large Financial Transactions (IGTF in Spanish) because they are carried out without the intervention of the Venezuelan financial system.

The General Manager of Legal Services of the Seniat, Carlos Ernesto Padrón Rocca, spoke about the direct consultation of Edwuard Rafael Sucre Guzmán, inspection manager of the tax authority, related to the most common doubts that arise around the reform of the Income Tax. the Large Financial Transactions (IGTF). The new tax imposes a 3 % tax on payments with foreign currency and cryptoactives other than the petro.

The document was cited by different accounts through the instant messaging social network Twitter and although the measure directly impacts the consumer, who must pay more to use foreign currency, the businesses are the ones that have to adapt to this new tax mechanism.

Businesses are “going through a torment” to be able to collect the tax, because they must adapt their systems and that has some technical implications. In addition, the lack of information and the “gaps in the regulation” did not allow businesses to fix their systems before the tax came into effect.

All this situation has caused that 75 % of the companies in the commercial sector do not have the capacity to collect the tax in dollars. According to data provided by the National Council for Commerce and Services (Consecomercio).

Limitations for the collection of the IGTF

Tiziana Polesel, president of Consecomercio, highlighted that the main limitation that merchants are experiencing in collecting the tax is the impossibility of replacing or updating the fiscal machines, in order to be able to reflect the amount of the IGTF on the invoice.

According to Polesel, solving this situation requires a significant investment that many businesses, especially small ones, are not able to do in “a short time”. “They do not even have the possibility of resorting to loans,” she stressed.

The president of Consecomercio highlighted: “We are convinced that we must correct it. We have to understand how the sector works and what the weaknesses are in order to incorporate this contribution. We are not denying compliance, we are just asking for more time to make it work.“

The representative of the commercial sector highlighted that there is the possibility of an “increasing degree of informality, since businesses that cannot comply with the regulations will not stop operating but will migrate to that unregulated market that even affects the State, since VAT would not be paid either”.

M. Rodríguez

Source: primicia.com.ve

La entrada Transactions with Zelle, PayPal and Reserve must pay the IGTF tax apareció primero en Bitfinance.