The Sales Tax Rate in Venezuela stands at 16 percent. source: Ministerio del Poder Popular de Finanzas, SENIAT

Sales Tax Rate in Venezuela averaged 12.40 percent from 2006 until 2020, reaching an all time high of 16 percent in 2019 and a record low of 9 percent in 2008. This page provides - Venezuela Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Sales Tax Rate - VAT - values, historical data and charts - was last updated on May of 2021.

Sales Tax Rate in Venezuela is expected to reach 16.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Sales Tax Rate - VAT is projected to trend around 16.00 percent in 2021, according to our econometric models.

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Venezuela Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
16.00 16.00 16.00 9.00 2006 - 2020 percent Yearly

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 16.00 16.00 16.00 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 [+]


Venezuela Sales Tax Rate - VAT
In Venezuela, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Venezuela.