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VE

Venezuela

South America VES

VE · VEN · #32 · 11 cities

Nomad score 45/100 Compare
Top income tax 34.0% Worldwide system
Corporate tax 34.0%
IVA 16.0% standard rate
Tax residency 183 days 33 tax treaties

Venezuela tax profile

Data year: 2026

Tax system
Worldwide Residents are taxed on worldwide income; non-residents on Venezuelan-source income (flat 34% on salaries and many other items). Corporate residents pay CIT on worldwide income under progressive Tariff 2 (15%, 22%, 34% in tax units). Hydrocarbon exploitation is subject to a 50% flat rate (with project-specific reductions possible after the 2026 hydrocarbons reform); banking, financial, insurance and reinsurance net income is taxed at 40%.
Top PIT rate
34.0%
Corporate tax rate
34.0%
IVA
16.0%
Capital gains tax
Rate not recorded
Social security (employee)
4.0%
Social security (employer)
11.0%
Social security cap (annual)
VES 7,800
Dividend withholding
34.0%
Interest withholding
5.0%
Royalty withholding
34.0%
Wealth tax
0.25%
Inheritance tax
Yes
Treaty count
33
Tax authority: Servicio Nacional Integrado de Administración Aduanera y Tributaria (SENIAT) Website

Income tax brackets

Corporate
Corporate brackets
Bracket min Bracket max Rate USD equivalent
VES 0 VES 86,000 15.0% $0 – $98
VES 86,000 VES 129,000 22.0% $98 – $147
VES 129,000 and above 34.0% $147 +
Personal income
Personal income brackets
Bracket min Bracket max Rate USD equivalent
VES 0 VES 43,000 6.0% $0 – $49
VES 43,000 VES 64,500 9.0% $49 – $74
VES 64,500 VES 86,000 12.0% $74 – $98
VES 86,000 VES 107,500 16.0% $98 – $123
VES 107,500 VES 129,000 20.0% $123 – $147
VES 129,000 VES 172,000 24.0% $147 – $196
VES 172,000 VES 258,000 29.0% $196 – $295
VES 258,000 and above 34.0% $295 +
Social security
Social security brackets
Bracket min Bracket max Rate USD equivalent
VES 0 VES 7,800 4.0% $0 – $9
Local currency: VES

Tax flags

Crypto Rules

Tax residency

Days threshold
183 days
Residency rules
An individual is resident after more than 183 days in Venezuela in the calendar year or the preceding year, or when they establish a home or residence in Venezuela unless they stay more than 183 days in another country and prove tax residence there. Venezuelan citizens are presumed domiciled in Venezuela unless they prove otherwise.
Exit tax
No
CFC rules
No

Filing information

Fiscal year
01-01 – 12-31
Filing deadline
March 31
Calendar-year individuals file by 31 March (special taxpayers follow SENIAT calendars). Companies file within three months of year-end. Annual ISLR uses the tax unit (UT) in force at fiscal year-end (VES 43 from June 2025 per SNAT/2025/000048).

Sources

Change history

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

    • Income tax brackets updated

    Full refresh: verification date and data year 2026, PIT/CIT/social brackets, UT VES 43, treaty count 33, CFC rules no, wealth tax yes, WHT interest 4.95%, IVSS cap and employer rate, sources and notes (taxsummaries.pwc.com) Source

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