🇻🇪 Venezuela

South America
0 residency programs
Residence-based taxation
Cayo Sombrero, Parque Nacional Morrocoy, Venezuela

Countries / Venezuela

Known for

Fact Sheet

Continent

South America

Demonym

Venezuelan

Calling code

+58

Driving side

Right

Motto

God and Federation (Dios y Federación)
Population
28,868,486
Human development index
0.76
Life expectancy
75 years
Inflation rate
274.4%
Fertility rate
2.4

Cost of Life

Cost of Living Index
27.17
Rent Index
6.81
Groceries Index
28.29
Restaurant Price Index
24.41
Local Purchasing Power Index
2.61

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax Treaties (4)

Venezuela has concluded 4 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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