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Tax authorities

Integrated National Tax Administration Service (Seniat)
Torre Capriles, Plaza Venezuela
Caracas
Tel: +08000 736 428
Website: www.seniat.gob.ve

Tax rates at a glance

(As of August 1 2011) 

Corporate income tax rate 15% to 34%
Capital gains tax rate 15% to 34%
Branch tax rate 15% to 34%
 
Withholding tax
Dividends 0%/34%
Interest 15% to 34%
Royalties from patents and licences 34%
Branch remittance tax 0%/34%
 
Net operating losses (years)
Carryback 0
Carryforward 3
  • Dividends are generally exempt from income tax. However, if the dividend distribution is more than taxable profits, a withholding tax is imposed at the same rate as the corporate income tax rate, that is, 34%.
  • Interest paid to a non-resident legal entity is taxed at the normal corporate income tax rates, that is, 15% to 34%. Interest paid to non-resident banks or financial institutions is subject to a withholding tax of 4.95%. Interest paid to a non-resident individual is subject to withholding tax of 34% applied to 95% of the gross payment, resulting in an effective rate of 32.3%.
  • Royalties paid to a non-resident company or individual are subject to tax at a maximum rate of 34% applied to 90% of the gross payment, resulting in an effective rate of 30.6%.

Source: Taxand advisers from Candal Taxand

Venezuela

Manuel Candal
Candal Taxand
Venezuela

Manuel Candal and his partners in Candal Taxand summarise the main features of the Venezuelan tax system

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See also

Venezuela
Latin America

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