Cooperative Associations will be exempt for one year from paying Income Tax, in accordance with Presidential Decree No. 4,976, published through the Official Gazette number 42,939.

The provision refers to “taxable net enrichment from territorial sources, obtained by Cooperative Associations, constituted in accordance with the provisions established in the Decree with Force of Special Law of Cooperative Associations.”

According to the Gazette, Cooperative Associations “must update the Single Registry of Fiscal Information, a procedure for which they must present the current Certificate of Compliance issued by the National Superintendency of Cooperatives.”

They will be subject to the rules of the Decree with Rank, Value and Force of Law of Income Tax, as the case may be, in everything concerning income, costs and deductions of taxable enrichment.

M.Pino

Source: contrapunto

(Reference image source: Unsplash+, in collaboration with Getty Images)

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During this month of March, the countdown for the payment of the ISLR began for both Ordinary and Special Taxpayers of the National Customs and Tax Administration Service (SENIAT©), according to the corresponding calendar. Payments through Bancamiga Banco Universal can be made at any time, 365 days a year.

For Bancamiga customers, the process is very simple and fast, since they have a modern platform through Bancamiga Online and the Bancamiga Suite application.

Ordinary and Special taxpayers can cancel VAT, VAT withholdings, advances of ISLR, ISLR, ISLR Withholdings, IGTF and any other tax under the control of SENIAT, both their own or that of third parties. The latter prior authorization on the SENIAT portal, explains a statement from the institution.

More options to make life easier for Bancamiga customers

The Executive President of Bancamiga, Ariel José Martínez Coujil, affirmed that Bancamiga’s efforts are permanent to add more facilities that satisfy the needs and expectations of its customers, based on innovation.

In this sense, Bancamiga recently incorporated into the Saime web portal the option to pay online for the procedures of the Administrative Service for Identification, Migration and Immigration. Clients can now also immediately cancel requests for a new passport, extension and data certification.

Interested parties must log in at www.saime.gob.ve, complete the information requested by that body and select Bancamiga from the list of payment receiving banks.

“All this work that is carried out with great dedication and mysticism seeks for clients to carry out their procedures digitally, from anywhere and at any time,” Martínez stressed.

Just like the payment of taxes before SENIAT and Saime, Bancamiga receives the SUNAGRO Commitment Payment, both from natural and legal persons, members of the National Comprehensive Agri-Food System.

Likewise, the possibilities for natural and legal clients to make payments of municipal taxes, rates and patents are permanently expanded, through Bancamiga Online, option of Public Organizations/CITY HALLS, without additional charges. You can quickly and safely pay the taxes of the mayors of Sucre, Baruta, El Hatillo, Bolivarian Mayor of Caroní (Bolívar), Mayor of Girardot (Aragua) and Simón Rodríguez Mayor (El Tigre).

The idea is to incorporate more and more other Public Organizations into this process, concludes the statement from the financial and banking private organization.

With information from Bancamiga

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