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The Servicio de Impuestos Nacionales (SIN) reminds taxpayers classified as industrial, construction, and petroleum companies that the deadline for the declaration and payment of the Impuesto sobre las Utilidades de las Empresas (IUE) for fiscal year ending March 31, 2025, is Tuesday, July 29, 2025.
Filing Requirements by Taxpayer Category
In accordance with current tax regulations, companies required to maintain accounting records must submit their tax returns using Formulario 500. Those not obligated to maintain such records must use Formulario 520.
Moreover, under the guidelines of Resolución Normativa de Directorio (RND) No. 101800000004, taxpayers must electronically submit their Financial Statements or Annual Report and Complementary Tax Information through Formulario 605 via the Sistema Integrado de la Administración Tributaria (SIAT). Additionally, the digital filing of the Transfer Pricing Study and the Informative Affidavit on Transactions with Related Parties (Electronic Form 601) is mandatory.
Physical Documentation Submission
Taxpayers with annual sales or gross income equal to or exceeding Bs 1,200,000 must physically submit the following documentation to their respective District Manager’s Office or to the Large Taxpayer Unit (GRACO) by the July 29 deadline:
- Balance Sheet (Balance General)
- Income Statement (Estado de Resultados or Pérdidas y Ganancias)
- Statement of Retained Earnings (Estado de Resultados Acumulados or Estado de Evolución del Patrimonio)
- Statement of Cash Flows (Estado de Cambios de la Situación Financiera)
- Notes to the Financial Statements
- Complementary Tax Information
- External Audit Report (Dictamen de Auditoría Externa)
- Tax Opinion (Dictamen Tributario)
- Minimum Tax Procedures Report (Informe de Procedimientos Mínimos Tributarios)
When applicable, taxpayers must also provide a physical copy of the Transfer Pricing Study for transactions with related parties abroad, as per RND No. 10-0008-15.
Requirements for Nonprofit Entities
Nonprofit organizations required to file an Annual Report must submit:
- Statement of Financial Position (Estado de Situación Patrimonial)
- Statement of Activities (Estado de Actividades)
- Statement of Cash Flows
- Complementary Tax Information
- External Audit Report
- Tax Opinion
- Minimum Tax Procedures Report
Regulatory Deadline and Compliance
Article 39 of Supreme Decree 24051 specifies that the deadline for filing and/or payment of the IUE is 120 days after the close of the fiscal year. For taxpayers closing their fiscal year on March 31, this translates to a July 29 deadline in 2025.
Practical Implications
Compliance with these deadlines and filing requirements is essential to avoid penalties, interest, and potential audits. Given the detailed documentation and electronic filing mandates, taxpayers are encouraged to begin preparations early and consult with tax professionals to ensure full adherence to SIN requirements.
For further guidance, taxpayers can refer to the official Servicio de Impuestos Nacionales website and consult the latest regulatory updates.
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