Venezuela, RB

Paying Taxes in

Venezuela, RB

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Municipal Tax 1 1.60% gross income 28.3
Social security contributions 12 360 10.0% gross salaries 11.3
Science Technology and Innovation tax 1 0.5% annual gross income 8.8
Corporate income tax 13 120 6%-34% (progressive scale) taxable income 5.2
Unemployment relief benefit contribution 0 paid jointly 2.0% gross salaries 2.3
Training tax 4 2.0% gross salaries 2.3
Housing subsystem tax 12 2.0% gross salaries 2.3
Anti-drug tax 1 1.0% net operating profit 1.6
Fuel tax 1 30%-50% fuel consumption 1.3
Property tax 12 0.054% building value 0.1
Stamp duty 1 various rates small amount
Value added tax (VAT) 12 384 12.0% value added not included
Totals: 70 864 63.5
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