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VAT rates in Venezuela

Quick overview

Standard Rate Reduced Rate Other Rates
16% N/A Additional rates (5%–25%); zero-rated

The local name for VAT in Venezuela is Impuesto al Valor Agregado (IVA).

There is basically 1 VAT rate in Venezuela:

  • Standard VAT rate is 16%

Recent developments

For more information about (recent) rate change developments in Venezuela, please click HERE.

Standard rate: 16%

This rate applies for all transactions that take place in Venezuela, unless an exception applies (such as a reduced rate, the zero rate or an exemption, or a reason to treat the transaction as outside scope of VAT).

Zero rate (0%)

Goods and services taxable at 0% (exemption with the right to deduct VAT)

  • Exports of tangible personal property and tangible movable property
  • Exports of services

Other rate: 15%

Goods and services taxable at 15%

  • Membership and maintenance fees of restaurants, nightclubs and bars with restricted access
  • Rental/lease of ships or aircraft for civilians for exhibitions, advertisement, recreation or sports purposes
  • Services provided by third parties through text messaging or other technological means
  • Cars (> 40KUSD)
  • Motorcycles(> 20KUSD)
  • Gaming machines (non-cash)
  • Caviar

Exempt supplies of goods and services

  • Basic food
  • Books, newspapers and magazines
  • Education
  • Public transportation of passengers by land or sea
  • Tickets to national parks, museums and cultural centers
  • Banking and insurance services
  • Medical assistance
  • Electricity
  • Fertilizers

 

A global VAT/GST rate overview can be found here (note this is a work in progress).

This post was last updated on October 20, 2021.

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