South America
Venezuela: tax at a glance
Residents are taxed on worldwide income. There is also a large-wealth tax, high inheritance rates, and a special tax on foreign-currency and crypto transactions.
Worldwide (residence-based)
Last verified
The taxes
- Personal income (top)
- 34%Progressive to 34%, assessed in tax units. Nominal thresholds have been heavily eroded by inflation.
- Corporate income
- 34%
- Capital gains
- Taxed as income, up to 34%.
- VAT / IVA
- 16%
- Dividends (WHT)
- 34%, on distributions that exceed taxed net income.
- Interest (WHT)
- 34%, or 4.95% for banks.
- Royalties (WHT)
- 34%, on a presumed taxable base.
- Social security (employee)
- About 4%, covering IVSS and other contributions.
- Social security (employer)
- About 9%–11%, covering IVSS, FAOV and INCES.
- Wealth tax
- The Impuesto a los Grandes Patrimonios, at 0.25%–1.5% on net worth >=150M tax units.
- Inheritance / estate
- Progressive, up to 55%.
- Property tax
- A municipal property tax applies to urban real estate.
- Other
- The IGTF, a large-financial-transactions tax of about 3%, applies to payments made in foreign currency or crypto.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- Yes
- CRS
- Not participating
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.