According to recent reports, Venezuela has made amendments to the science, technology, and innovation contribution, including changes in the threshold and payment period for the contribution. The annual contribution of 0.5% to 2.0% of gross income, depending on activity, is due by both resident and non-resident companies carrying on business in Venezuela. Previously due by companies that earn gross income exceeding 100,000 tax units, the contribution is now due by companies that earned gross income exceeding 150,000 times the official exchange rate of the highest value currency published by the Central Bank of Venezuela in the previous tax year. With...