Country tax profile · 2026
Venezuela corporate tax
How Venezuela taxes corporate
The standard corporate profits tax in Venezuela is 34%. Progressive scale in Tax Units (UT): 15% up to 2,000 UT, 22% from 2,000 to 3,000 UT, 34% above. Oil 50%; banking and insurance 40%. UT = VES 43 (2025). Figures are in UT because of hyperinflation, and the VES exchange rate is unstable and approximate.
Compiled by MyNomadWorld for Venezuela and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How Venezuela's corporate tax compares
Venezuela's corporate tax of 34% is the 7th highest of the 180 countries we track, against a global average of 21.2% and a South America average of 28.4%.
Countries with a similar corporate tax
Brazil (34%) · Chad (35%) · Malta (35%) · Colombia (35%) · Argentina (35%) · St Kitts and Nevis (33%)
Who is a tax resident of Venezuela?
Resident if present more than 183 days in the tax year or the one before it, or on establishing residence or a home in Venezuela; Venezuelan citizens are presumed domiciled unless proved otherwise.
Related Venezuela taxes
Moving to Venezuela?
Get matched with a vetted Venezuela tax & immigration advisor who handles residency and the exit from your current country.
See advisors →Venezuela corporate tax FAQ
What is the corporate tax rate in Venezuela?
The standard corporate profits tax in Venezuela is 34%. Progressive scale in Tax Units (UT): 15% up to 2,000 UT, 22% from 2,000 to 3,000 UT, 34% above. Oil 50%; banking and insurance 40%. UT = VES 43 (2025). Figures are in UT because of hyperinflation, and the VES exchange rate is unstable and appro