¡Gloria al Bravo Pueblo! · Bolivarian Republic of Venezuela
SENIAT-compliant invoicing, payroll settlement, VEN-IFRS and complete business management -- engineered for Venezuela's dollarized economy and fiscal complexity.
The Bolivarian Republic of Venezuela holds the world's largest proven oil reserves -- over 303,800 million barrels according to OPEC. The Orinoco Belt is the largest extra-heavy crude oil belt on the planet, with an estimated potential exceeding 1.36 trillion barrels. Venezuela also has vast reserves of natural gas, gold, coltan, diamonds and bauxite in the Orinoco Mining Arc.
With a progressively dollarized economy, Venezuela now operates under a dual VES/USD system where the US dollar is the predominant payment medium in the commercial and services sector. SENIAT administers e-invoicing and VAT/ISLR withholdings for special taxpayers. cifraHQ was born in Panama and designed its Venezuelan module to handle this unique fiscal and exchange-rate reality.
The Guayana basic industry -- SIDOR (steel), Bauxilum (aluminum) and Ferrominera Orinoco (iron) -- along with petrochemicals and telecommunications form the Venezuelan industrial core that cifraHQ equips with world-class ERP technology.
The world's largest extra-heavy oil belt. Projects Junín, Boyacá, Carabobo and Ayacucho with PDVSA and international partner investment.
170 million hectares with gold, coltan, diamonds, bauxite and cobalt. One of the hemisphere's largest strategic mineral resource reservoirs.
Steelworks in Ciudad Guayana with 4.5M ton annual capacity. Rolled steel production for construction and industry.
Reactivation of natural gas production for domestic, industrial and petrochemical use. Rafael Urdaneta Complex (CIGMA) at Lake Maracaibo.
Expansion of the country's main port with new container terminals to increase Venezuela's logistical and commercial capacity.
Maracaibo petrochemical complex processing ethylene, polyethylene and ammonia for export and domestic industry.
Massive public housing program that has built over 4 million housing units throughout the national territory.
Matanzas aluminum plant with 430,000 ton annual capacity. Exports to markets in the Americas and Europe.
Reactivation of agricultural zones in the llanos and western Venezuela for food sovereignty in corn, rice, sorghum and sugarcane.
cifraHQ was born in Panama at P4 Software -- with the vision of building the definitive ERP for all of Latin America. The Venezuelan module was designed to handle the unique complexity of the tax system: SENIAT invoicing by free form and fiscal machines, VAT and ISLR withholdings for special taxpayers, IGTF on foreign currency transactions and dual VES/USD accounting.
The result: a system that speaks Venezuela's fiscal language -- native SENIAT invoicing, automatic withholding calculation, integrated IVSS and FAOV, payroll under LCT 2012 (utilidades, vacation bonus, food voucher), multi-currency VES/USD with BCV exchange rate and payroll disbursement to Venezuela's leading banks.
Free form, fiscal machine and electronic invoice. Automatic SENIAT control number, taxpayer data, RIF and tax address. Compatible with Providencia 00071.
Automatic withholding calculation and recording for SENIAT special taxpayers. Withholding certificates. Integrated SENIAT e-RIF portal.
Tax on Large Financial Transactions (IGTF 3%) on foreign currency payments. Fiscal inflation adjustment per the current LISLR.
From IVSS calculations to bank disbursement in VES and USD, cifraHQ manages all Venezuelan payroll without third-party modules.
Employer contribution 9-11% + employee 4% on normal salary. Automatic calculation and monthly IVSS payment forms.
Employer contribution 2% + employee 1% on integral salary. Monthly declaration to the National Housing and Habitat Bank.
Between 15 and 120 days of salary based on company profits. Pro-rated calculation for hires and departures during the fiscal year.
Vacation bonus: minimum 15 days + 1 additional day per year. Food voucher per current MINPPTRASS resolutions.
File generation for payroll crediting at Venezuela's leading banks in VES and USD:
PDVSA and joint ventures. Per-well costing, royalties, petroleum ISLR, OPEC and PDVSA reporting.
Processing plants, continuous process costing, petrochemical inputs, export management.
Mining Arc, gold and coltan concessions, mining royalties, MIBAM regulatory reporting.
Guayana basic industry. SIDOR, Bauxilum, Ferrominera. Production costing and maintenance management.
Multi-location, inventory, SENIAT invoicing, VES and USD pricing, integrated point of sale.
Recurring billing, CANTV/Movistar/DIGITEL. Telecom VAT, CONATEL regulatory reporting.
Corn, rice, sorghum, sugarcane. Venezuelan sugar and rum. SADA, SUNAGRO regulatory reports.
SUDEBAN and SUDEASEG. IFRS bank accounting, provisions, regulatory reports and reserve requirements.
Free form and fiscal machine invoicing per SENIAT providencias. Control number and withholdings for special taxpayers fully automated.
Invoicing, accounting and payroll in VES and USD simultaneously. Automatic BCV exchange rate. IGTF on foreign currency transactions integrated.
VAT and ISLR withholdings for SENIAT special taxpayers. Automatic withholding certificates and e-RIF portal integration.
Venezuelan business groups, financial consolidation, intercompany and VEN-IFRS financial statements per group entity.
Accounting per VEN-IFRS full and IFRS for SMEs. Fiscal inflation adjustment per LISLR. Restated financial statements.
Specialized team in Spanish with deep knowledge of SENIAT, IVSS, FAOV and Venezuelan labor regulations (LCT 2012).
"Made in Panama.
For Venezuela and the Americas."
Request a personalized demo and discover how cifraHQ can transform your Venezuelan company's financial and operational management -- made in Panama, for Venezuela.
cifraHQ is available across the Americas. Explore the local-compliance pages for nearby markets.
