Americas · Tax guide
Venezuela
Venezuela taxes company profits at rates up to 34% and charges VAT (IVA) at 16%, plus a tax on large financial transactions. Taxes are administered by SENIAT.
At a glance
- Corporate income tax
- 34%
- VAT (IVA)
- 16%
- Withholding on payments abroad
- 34%
Top rate
Standard rate
Before treaty relief
Corporate income tax
Companies pay progressive rates up to 34%, with higher rates for oil and banking. Advance payments are made during the year and the return is due within three months of the year-end.
VAT and IGTF
VAT is 16%, with returns filed on dates set by taxpayer type. Special taxpayers withhold VAT from suppliers, and payments in foreign currency or by large taxpayers carry the tax on large financial transactions (IGTF).
Payments abroad
Payments to non-residents can carry withholding up to 34%, unless a treaty lowers it. International sanctions affect many dealings with Venezuela, so check the rules that apply to you.
Key dates
- Calendar set by SENIATVAT returns and withholding
- Within three months of the year-endAnnual income tax return
Figures and sources
3 figures- Corporate income tax rate34%Under professional review
- VAT (IVA) rate16%Under professional review
- Withholding on payments to non-residents34%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Venezuela based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Venezuela (a Venezuelan tax adviser) before making compliance decisions.