Taxes for Companies in Venezuela (2026): Rates, VAT and Deadlines

This guide summarises the main taxes for companies in Venezuela in 2026, using the figures published by the tax authority. Rates change by law or decree, so check with an adviser before you file.

Corporate income tax

Companies pay income tax (ISLR) on Tariff No. 2 of the Income Tax Law: 15% up to 2,000 tax units, 22% from 2,000 to 3,000 tax units and 34% above 3,000 tax units.

VAT and indirect taxes

The general VAT (IVA) rate is 16% (Decree 4,079, Official Gazette 41,788 of 26 December 2019).

Payroll taxes

Employers pay social security contributions every month on top of gross salary. Employee income tax is withheld through payroll and paid to the tax authority monthly. If you hire before you have an entity, an employer of record handles payroll for you.

Filing calendar

Monthly VAT returns and withholdings, and an annual ISLR return with the SENIAT.

Tax ID

RIF (Registro de Información Fiscal), issued by the SENIAT. You need it to invoice, open a bank account and register employees.

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