Venezuela Guía de Rendimientos de Inversiones 2026

Dividend Taxation — 34% WHT

• Withholding tax: Dividends paid to individuals (resident or non-resident) are subject to a 34% withholding tax (WHT) on the gross dividend amount.
• Effective combined rate: The dividend is paid from after-tax profits (corporate tax at 34%). The combined effective rate is approximately 56.44% (corporate tax of 34% plus 34% WHT on the remaining 66%).
• Exemptions: Dividends paid between Venezuelan corporations are generally exempt. Dividends from foreign sources received by Venezuelan residents are included in worldwide income and taxed at progressive ISLR rates (6-34%), with a foreign tax credit for taxes paid abroad.
• Reporting: The paying entity withholds the 34% tax at source.

Interest Income — 5% WHT

• General rule: Interest income earned by Venezuelan residents and non-residents is subject to a 5% withholding tax at source, which is generally considered a final tax.
• Bank interest: Interest from savings accounts, fixed-term deposits, and other bank instruments is subject to the 5% WHT.
• Corporate bonds: Interest from corporate debt securities is also subject to 5% WHT.
• Government bonds: Interest from Venezuelan sovereign bonds (PDVSA bonds, Global bonds) is generally subject to 5% WHT for residents.
• Non-residents: Interest paid to non-residents from Venezuelan sources is also subject to the 5% WHT, unless a tax treaty provides a reduced rate.

Royalties — 34% WHT

• General rule: Royalties paid for the use of intellectual property, trademarks, patents, copyrights, and similar rights are subject to 34% withholding tax.
• The 34% rate applies to both residents and non-residents.
• Tax treaties may provide reduced rates (typically 10-15% depending on the treaty).
• Technical assistance and consulting fees may also be treated as royalties for tax purposes under certain conditions.

Fixed Income Investments

• Bank deposits: Interest from savings accounts and fixed-term deposits in Venezuelan banks is subject to 5% WHT.
• Sovereign bonds: PDVSA bonds and Venezuelan sovereign bonds offer high nominal yields reflecting inflation and country risk. Interest is subject to 5% WHT.
• Inflation environment: Given high inflation (historic projections), nominal interest rates are very high. The tax system does not typically exclude the inflationary component of interest, resulting in taxation of "illusory" gains.

Foreign Investment Income

• Venezuelan residents must declare foreign-source investment income (dividends, interest, royalties from abroad) as part of their worldwide income.
• Foreign tax credits are available for taxes paid abroad, limited to the Venezuelan ISLR due on that income.
• Income in foreign currency must be converted to VES at the official BCV exchange rate.

FAQs

Are dividends from Venezuelan companies taxable for residents?

Yes, dividends are subject to a 34% WHT at source on the after-tax profit distributed. The company has already paid corporate tax (34%).

Do I pay tax on bank interest in Venezuela?

Yes, interest from savings accounts and fixed-term deposits is subject to a 5% WHT at source, which is typically the final tax.

How are foreign investments taxed?

Foreign-source investment income is included in worldwide income and taxed at progressive ISLR rates (6-34%) for Venezuelan residents. Foreign tax credits are available.

Aviso Legal

Este guia fornece informações gerais sobre a tributação de rendimentos de investimentos na Venezuela para 2026. Leis e alíquotas podem mudar. Sempre consulte um contador ou o SENIAT para orientação específica. InvestmentKit não fornece aconselhamento tributário.