The Social Security Rate For Employees in Venezuela stands at 5.50 percent. Social Security Rate For Employees in Venezuela averaged 5.93 percent from 2004 until 2018, reaching an all time high of 6 percent in 2005 and a record low of 5.50 percent in 2017.

Social Security Rate For Employees in Venezuela is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Social Security Rate For Employees is projected to trend around 5.50 percent in 2020, according to our econometric models.

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Venezuela Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 6.00 5.50 2004 - 2018 percent Yearly


Venezuela Social Security Rate For Employees
In Venezuela, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Venezuela because they help to pay for many social programs including welfare, health care and many other benefits.

Venezuela Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 34.00 34.00 34.00 34.00 percent [+]
Personal Income Tax Rate 34.00 34.00 34.00 34.00 percent [+]
Sales Tax Rate 12.00 12.00 14.00 9.00 percent [+]
Social Security Rate 24.50 24.50 25.00 23.00 percent [+]
Social Security Rate For Companies 19.00 19.00 19.00 17.00 percent [+]
Social Security Rate For Employees 5.50 5.50 6.00 5.50 percent [+]