Venezuela

Venezuela - Civil Law
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Venezuela taxes

Want to setup a company? This will tell you about tax laws in Venezuela, you have to know about taxation for a LLC which is the most common legal entity in Venezuela.

VE has a tax on foreign earned income made offshore separately than if it were made onshore. Theestablished approximate percentage for offshore tax, from our research, and this is not personal tax advice, is 0%. The country does have certain exemptions to bring in income earned abroad made internationally. Taxes are very reasonable in Venezuela because the effective rate of taxation on a LLC entity is 34%. This ranks Venezuela as 165th overall in terms of CIT globally. . .

The value added tax (VAT) rate in Venezuela is 12.00%, that ranks Venezuela as 165th overall in terms of VAT taxation rate internationally. In terms of other taxation, an employer will contribute 1,900.00% to the equivalent of a social security fund and an employee will contribute 6.00%. The overall complexity of the tax system is high. This is measured by average time to comply with a country's labor tax requirements is as it is 288hours. Contributing to this is the number of yearly labor tax payments, which is 2 in VE.

Thin cap restrictions are officially enacted. Thin capitalisation refers to any type of requirements on a business and the debt-to-asset ratios. A dividend is a distribution of a portion of a company profit, decided by the board of directors, to a class of its shareholders. Dividends can be one of the following cash payments, shares of stock, or other property. The capital gains taxation rate in VEis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.

The interest witholding rate is estimated at 34%Which means that the tax authorities expects LLC's to pay tax on at least 34% of money remitted abroad for interest payments. The dividends witholding rate is 34%This should be interpreted usually that the taxman expects LLC's to withold 34% of payments abroad on dividend payments. The royalties witholding rate 34% This means that the tax authorities expects to withold 34% of payments abroad on royalty payments.
There is no known tax on wealth in Venezuela. There are inheritance taxes in Venezuela placed on an estate. There exist popular and well known R&D intitiatives that provide tax incentives here.

The above is not tax or legal advice for your individual facts and circumstance. Incorporations.io can to refer you to a lawyerin Venezuela who will consult with you. Ready to get started? Click the free consultation button above.

It takes approximately 120 hours to file and prepare documents for a Venezuela Civil Law.
The corporate tax is approximately 34% which is 165 in the world.

Owners of a company in Venezuela are not allowed to carry back a loss and may be allowed to carry forward a loss for 3 years.

The vat rate in Venezuela is 12% which ranks 61 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
27Tax treaties
34%Offshore Tax
34%Corp rate
-Loss carryback years
120Corporate time
12%VAT rate
34%Capital gains
NoAEOI planned

Read this to learn about incorporating a company in
Venezuela

We can help you form a company in Venezuela. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Venezuela, which is required by law.

We can help you with your incorporations needs for an initial payment of just $1000.

Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.

Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.

Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.

Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.

Venezuela Tax Treaties

CountryTypeDate signed
South Korea
DTC 2006-06-28
Trinidad and Tobago
DTC 1996-07-31
Czech Republic
DTC 1996-04-26
Norway
DTC 1997-10-29
Mexico
DTC 1997-02-06
Denmark
DTC 1998-12-03
Portugal
DTC 1996-04-23
China
DTC 2001-04-17
United States
DTC 1999-01-25
Switzerland
DTC 1996-12-20
Indonesia
DTC 1997-02-27
United Kingdom
DTC 1996-03-11
Russia
DTC 2003-12-22
Netherlands
DTC 1991-05-29
Belgium
DTC 1993-04-22
Germany
DTC 1995-02-08
Barbados
DTC 1998-12-11
France
DTC 1992-05-07
Spain
DTC 2003-08-04
Canada
DTC 2001-07-10
Sweden
DTC 1993-09-08
United Arab Emirates
DTC 2010-12-11
Malaysia
DTC 2006-08-28
Italy
DTC 1990-06-05
Brazil
DTC 2005-01-14
Austria
DTC 2006-05-12
Qatar
DTC 2006-07-28

Country Info

National Flag of
República Bolivariana de Venezuela (spa)
Currency
VEF
Area Code
+58
Capital
Caracas
Region
South America
Native Languages
Spanish