Venezuela Personal Income Tax
Detailed personal income tax rates and rules for Venezuela in 2026.
Venezuela imposes a progressive personal income tax with brackets expressed in Tax Units (Unidades Tributarias - UT). The value of the UT is periodically adjusted (significantly devalued due to hyperinflation). Rates range from 6% to 34%. Residents are taxed on worldwide income. Employment income is subject to withholding. The economic crisis has significantly impacted tax collection and compliance.
| Income Range (UT) | Tax Rate |
|---|---|
| UT 0 – UT 1K | 6% |
| UT 1K – UT 2K | 9% |
| UT 2K – UT 2K | 12% |
| UT 2K – UT 3K | 16% |
| UT 3K – UT 3K | 20% |
| UT 3K – UT 4K | 24% |
| UT 4K – UT 6K | 29% |
| UT 6K+ | 34% |
Filing Deadline
March 31
Residency Rule
Venezuela considers individuals as tax residents if they stay in the country for more than 183 days in a calendar year or if their center of vital interests is in Venezuela. Residents are taxed on worldwide income.
How Venezuela Income Tax compares
Venezuela’s top personal income tax rate of 34% is the 84th highest of 203 countries TaxAtlas tracks, above the global average of 27.7% and South America’s regional average of 30.5%.
