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.
