South America
Venezuela tax rates 2026
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
Rates checked July 2026: the top marginal income tax rate, the standard VAT rate and the main corporate rate.