In Venezuela, legal entities or economic entities that carry out economic activities in Venezuela and obtain gross annual income in excess of 100,000 Tax Units must pay a special science and technology contribution, known as "contribution".  The contribution may be 0.5% or 2%, depending on the taxpayer's activity and it has to be paid to the National Fund for Science, Technology and Information (FONACIT).1     Taxpayers must file a return and pay the contribution between April 1 and July 31 of each year.  For the year 2019, however, FONACIT, through Administrative Guidelines No. 015-0492, extended the term for one month until August 31, 2020.