Venezuela — Value-added tax (VAT)
|General VAT Rate||Other Rates||Local Currency|
|12%||8%-20%, 0%||Bolivar (VEF)|
Venezuela's general VAT rate is 12%, with other rates including 8%-20% and 0% that can apply to certain transactions. The Value-added tax (VAT) is administered by the Ministry of Finance (http://www.mefbp.gob.ve/) in Caracas.
Venezuala has a special 8% reduced VAT rate on some human and animal foodstuffs; domestic airlines; some professional services; and construction.
Venezuela is a member of the Mercosur Member trading bloc, which may affect international VAT collection and regulations.
Venezuela VAT Refunds
Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Venezuela VAT refund program, more info can be obtained from the Ministry of Finance.
Venezuela Tax Sources & Citations
- EN: Venezuela Value Added Tax
- RU: НДС
- CN: 增值税
- Venezuela Ministry of Finance (http://www.mefbp.gob.ve/)
- Ernst & Young global VAT tax study, Venezuela (updated 2020)
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