Maracaibo

Salary from a foreign employer or fees from foreign clients

Taxed6%–34% progressive for residents (34% above about US$290 a year); 34% flat for non-residents

Residents add foreign salary and freelance fees to the progressive scale (Tarifa N° 1, Art 50 of the income tax law, ISLR), which is set in tax units (unidades tributarias, UT). The UT has been Bs 43 since 2 June 2025, and at the Banco Central de Venezuela rate of Bs 888.12 per US dollar on 28 October 2026 the 34% band starts at 6,000 UT, about US$290 of net income a year. Foreign income is converted at the year's average exchange rate (Art 16). The standard deduction of 774 UT (Art 58) and the 10 UT personal rebate (Art 59) are now worth about US$37 and US$0.48. Residents must file a return once net income passes 1,000 UT or gross income 1,500 UT (Art 77), about US$48 and US$73. Income tax paid abroad on foreign-source income is credited up to the Venezuelan tax on it (Art 2), and tax treaty benefits apply only if you prove residence in the other country (Art 3). The catch for short stays: income from services provided by people domiciled, resident or merely passing through Venezuela is Venezuelan-source (Art 6), so pay for work done while you are physically there is taxable even before you become resident, at a flat 34% (Art 50), and a non-resident must file whatever the amount (Art 79). I found no official procedure for paying this on wages paid from abroad, and the SENIAT website could not be reached on 2026-10-28. Social security and municipal taxes on freelance activity are not covered here. Practical context: US sanctions on Venezuela remain in force, although OFAC eased parts of them with general licences during 2026, so check that your bank and payment provider will handle transfers.

On the nomad visa

Venezuela has no digital nomad or remote-work visa. Whatever your visa, you become tax resident after more than 183 days in a calendar year and are then taxed on worldwide income. Before that, pay for work done while physically in Venezuela is Venezuelan-source under the income tax law and taxable at a flat 34% (see remote work).

Dividends, interest, gains, rent and pensions from abroad

Taxed6%–34% progressive (34% above about US$290 a year); 34% flat on foreign dividends

Residents add foreign interest, rent and capital gains to the same progressive scale, which reaches 34% above 6,000 UT (about US$290) a year (Art 50). Dividends from foreign companies are kept out of that scale and pay a flat 34%, with credit for tax paid on them abroad (Art 66). Foreign losses can only offset foreign income (Art 4). Some income is exempt for everyone: retirement, old-age and disability pensions (Art 14.6), interest on deposits and savings instruments under Venezuelan banking law and returns on publicly offered mutual funds (Art 14.9), and Venezuelan government bonds (Art 14.12). The pension exemption does not say it is limited to Venezuelan pensions, but I found no official guidance on foreign pensions. Shares sold on a Venezuelan stock exchange pay 1% of the gross sale price instead (Art 74). Non-residents are taxed only on Venezuelan-source income (Art 1), so foreign investment income is untaxed until you become resident.

Net wealth and inheritance

Wealth taxInheritance tax applies

The impuesto a los grandes patrimonios (Ley Constitucional of July 2019) is a yearly tax on net wealth, but only for people the tax authority has designated as special taxpayers (sujetos pasivos especiales), and only on the part above a threshold. The July 2019 text set that threshold at 36,000,000 UT for individuals, about US$1.74 million at today's UT and exchange rate. A reprint in Gaceta Oficial 41.696 of 16 August 2019 is reported to have raised it to 150,000,000 UT (about US$7.26 million), but that gazette could not be opened on the official portal, so check the current figure. Residents count worldwide assets; non-resident foreigners only assets in Venezuela (Art 4). A main home registered with the tax authority is exempt up to 64,000,000 UT (Art 13). The rate is 0.25% until the government sets another within 0.25%–1.5% (Art 23 and Second Transitional Provision); I found no decree changing it. Inheritances and gifts are exempt from income tax (ISLR Art 14.7) because a separate inheritance and gift tax law covers them; I could not load that law from any official site, so its rates are not given here. A 3% financial transactions tax (IGTF) applies to payments in foreign currency or in crypto not issued by the state made through Venezuelan banks, and to foreign-currency payments to special taxpayers outside the banks, such as paying a large shop in dollar cash. Municipal property taxes are not covered here.

Tax resident after

183 days a year

Top income tax rate

34%

When you become tax resident

You are domiciled, which the law treats as resident, if you spend more than 183 days in Venezuela, continuous or not, in a calendar year, or did so in the previous calendar year (Código Orgánico Tributario, Art 30; Ley de Impuesto sobre la Renta, Art 51). You are also resident if you set up your residence or home in Venezuela, unless that year you spend more than 183 days in another country and prove tax residence there with a certificate from its authorities. Venezuelan nationals are presumed resident. A visitor who stays 183 days or fewer in a calendar year and keeps no home there is non-resident, but a long stay counts again the next year: more than 183 days in one year makes you resident for the following year too.

Top income tax rate

Caracas, and the whole country: income tax is national, with one scale for everyone. Residents pay 34% on net taxable income above 6,000 UT (Bs 258,000, about US$290 at the Banco Central rate of Bs 888.12 per US dollar on 28 October 2026). The lower bands are 6% up to 1,000 UT, then 9%, 12%, 16%, 20%, 24% and 29% (Art 50). Non-residents pay a flat 34% on Venezuelan-source income. The UT has been Bs 43 since June 2025; I found no later increase, but the SENIAT website could not be reached to confirm it.