Venezuela Tax Tables 2022 - Tax Rates and Thresholds in Venezuela
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This page contains the tax table information used for the calculation of tax and payroll deductions in Venezuela in 2022. These tax tables are used for the tax and payroll calculators published on iCalculator™ VE, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Venezuela or would like to add to or suggest amendments to the information herein then please contact us.
2022 Tax Tables [Quick Links]
Related Calculators
Venezuela Personal Income Tax Tables in 2022
The Income tax rates and personal allowances in Venezuela are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Venezuela Tax Calculator 2022.
Venezuela Residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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6% | Income from Bs 0.000.00 | to | Bs 400,000.00 |
9% | Income from Bs 400,000.01 | to | Bs 600,000.00 |
12% | Income from Bs 600,000.01 | to | Bs 800,000.00 |
16% | Income from Bs 800,000.01 | to | Bs 1,000,000.00 |
20% | Income from Bs 1,000,000.01 | to | Bs 1,200,000.00 |
24% | Income from Bs 1,200,000.01 | to | Bs 1,600,000.00 |
29% | Income from Bs 1,600,000.01 | to | Bs 2,400,000.00 |
34% | Income from Bs 2,400,000.01 | | and above |
Venezuela Non-residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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6% | Income from Bs 0.000.00 | to | Bs 400,000.00 |
9% | Income from Bs 400,000.01 | to | Bs 600,000.00 |
12% | Income from Bs 600,000.01 | to | Bs 800,000.00 |
16% | Income from Bs 800,000.01 | to | Bs 1,000,000.00 |
20% | Income from Bs 1,000,000.01 | to | Bs 1,200,000.00 |
24% | Income from Bs 1,200,000.01 | to | Bs 1,600,000.00 |
29% | Income from Bs 1,600,000.01 | to | Bs 2,400,000.00 |
34% | Income from Bs 2,400,000.01 | | and above |
Venezuela Social Security and Payroll Deduction Rates in 2022
In Venezuela, social security and payroll deductions play a crucial role in ensuring the welfare of employees and their families. The system is designed to provide protection against the economic risks of old age, disability, illness, and unemployment, among other contingencies. Both employees and employers contribute to various funds, each aimed at supporting different aspects of social welfare.
Venezuela Social Security in 2022: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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Social Security | 4% | 11% | 15% |
Employment Benefit Regime Contribution | 0.5% | 2% | 2.5% |
Housing Regime Contribution | 1% | 2% | 3% |
Employee Training Contribution (INCES) | 0.5% | 2% | 2.5% |
Workplace Prevention, Conditions, and Environment Contribution (LOPCYMAT) | 0% | 10% | 10% |
Venezuela Social Security and Payroll Deduction in 2022: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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Social Security | n/a | Bs 650,000.00 | n/a | Bs 650,000.00 |
Employment Benefit Regime Contribution | n/a | Bs 650,000.00 | n/a | Bs 650,000.00 |
Housing Regime Contribution | n/a | n/a | n/a | n/a |
Employee Training Contribution (INCES) | n/a | n/a | n/a | n/a |
Workplace Prevention, Conditions, and Environment Contribution (LOPCYMAT) | n/a | n/a | n/a | n/a |
The social security and payroll deduction system in Venezuela embodies the country's dedication to social welfare and economic security for its citizens. Through a comprehensive network of benefits and programs, it seeks to protect individuals and families against life's uncertainties, fostering a supportive and resilient society.
Venezuela VAT Rates in 2022
VAT rates for Venezuela are reviewed annually, you can use the VAT Calculator to calculate VAT due in Venezuela or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Venezuela VAT RatesVAT Rate | VAT Description |
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0% | VAT Exempt |
0% | Zero Rated |
8% | Reduced Rate |
16% | Standard Rate |
Historic Tax Tables supported for Venezuela
The following tax tables are supported by iCalculator™ VE as part of the suite of free tax tools we provide for Venezuela.