Report of the inventory at the close of the 2024 tax period from the electronic tax window (VET)

Arias Law - Taxpayers who have a storage of good for their sale or commercialization have an annual obligation to carry out a physical inventory at the end of the corresponding fiscal period, as established in numeral 11 of article 103 of the Nicaraguan Tax Code, which must be reported no later than thirty calendar days after the closing of the fiscal period.

In accordance with the orientation of the Tax Authority (DGI), all taxpayers obliged to take inventory at the close of the 12/2024 tax period, must report and incorporate said data in the Electronic Tax Window (VET-24/7), as established in General Administrative Provision N° 01-2014, with a deadline for its submission on January 30, 2025. For such purposes, the DGI has the instructions on its website (dgi.gob.ni) under the "Guides and Instructions" icon.

Finally, it should be noted that failure to comply with this obligation may result in a tax administrative infraction which has a possible financial penalty established in numeral 5 of article 127 of the Tax Code, which can range from a minimum of C$3,250 to a maximum of C$3,750.

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