Social Security Rate for Companies and Employees in Venezuela
Social Security Rate Data in Venezuela
| Indicator | Data | Period |
|---|---|---|
| Social Security Rate | 23 % | 2023 |
| Social Security Rate For Companies | 17 % | 2023 |
| Social Security Rate For Employees | 6 % | 2023 |
Latest data on Social Security Rate (%)
What is Social Security Rate in Venezuela?
- Social Security Rate in Venezuela remained unchanged at 23 % in 2023. The maximum rate was 25 % and minimum was 23 %.
- Data published Yearly by Institute of Social Security.
Historical Data (%) by years
Data
Period
Date
| 23 | 2023 | 05.04.2023 |
| 23 | 2022 | 24.10.2022 |
| 23 | 2021 | 18.08.2021 |
| 24.5 | 2020 | 21.05.2021 |
| 24.5 | 2019 | 19.05.2020 |
| 24.5 | 2018 | 14.02.2018 |
| 25 | 2016 | 11.08.2017 |
| 25 | 2015 | 31.12.2015 |
Historical Chart by presidents (%)
Social Security Rate in Venezuela by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Nicolás Maduro | 05.03.2013 - | 25.0000 | 25.0000 | 25.0000 | 25.0000 | 0.00% |
| Hugo Chávez | 02.02.1999 - 05.03.2013 | 23.0000 | 25.0000 | 25.0000 | 23.0000 | 8.70% |
Latest data on Social Security Rate For Companies (%)
What is Social Security Rate For Companies in Venezuela?
- Social Security Rate in Venezuela remained unchanged at 17 % in 2023. The maximum rate was 19 % and minimum was 17 %.
- Data published Yearly by Institute of Social Security.
Historical Data (%) by years
Data
Period
Date
| 17 | 2023 | 05.04.2023 |
| 17 | 2022 | 24.10.2022 |
| 17 | 2021 | 18.08.2021 |
| 19 | 2020 | 21.05.2021 |
| 19 | 2019 | 19.05.2020 |
| 19 | 2018 | 13.02.2018 |
| 19 | 2016 | 11.08.2017 |
| 19 | 2015 | 31.12.2015 |
Historical Chart by presidents (%)
Social Security Rate For Companies in Venezuela by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Nicolás Maduro | 05.03.2013 - | 19.0000 | 19.0000 | 19.0000 | 19.0000 | 0.00% |
| Hugo Chávez | 02.02.1999 - 05.03.2013 | 17.0000 | 19.0000 | 19.0000 | 17.0000 | 11.76% |
Latest data on Social Security Rate For Employees (%)
What is employer Social Security rate in Venezuela?
- Corporate Tax Rate in Venezuela remained unchanged at 6 % in 2023. The maximum rate was 6 % and minimum was 5.5 %.
- Data published Yearly by Institute of Social Security.
Historical Data (%) by years
Data
Period
Date
| 6 | 2023 | 05.04.2023 |
| 6 | 2022 | 24.10.2022 |
| 6 | 2021 | 18.08.2021 |
| 5.5 | 2020 | 21.05.2021 |
| 5.5 | 2019 | 19.05.2020 |
| 5.5 | 2018 | 13.02.2018 |
| 6 | 2016 | 11.08.2017 |
| 6 | 2015 | 31.12.2015 |
Historical Chart by presidents (%)
Social Security Rate For Employees in Venezuela by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Nicolás Maduro | 05.03.2013 - | 6.0000 | 6.0000 | 6.0000 | 6.0000 | 0.00% |
| Hugo Chávez | 02.02.1999 - 05.03.2013 | 6.0000 | 6.0000 | 6.0000 | 6.0000 | 0.00% |
Other taxes in Venezuela
| Index | Updated | Actual | Previous |
| Corporate Tax Rate | 2023 | 34 % | 34 |
| Personal Income Tax Rate | 2023 | 34 % | 34 |
| Sales Tax Rate | 2023 | 16 % | 16 |
Social Security Rate in other countries
| Country | Updated | Actual | Previous |
| Colombia | 2023 | 30.5 % | 30.5 |
| Panama | 2023 | 22 % | 22.25 |
| Brazil | 2021 | 39.8 % | 39.8 |
| Chile | 2022 | 23.5 % | 23.5 |
| Paraguay | 2023 | 25.5 % | 25.5 |
| Argentina | 2023 | 37.4 % | 37.4 |
| Canada | 2021 | 14.38 % | 14.09 |
| Ecuador | 2023 | 21.6 % | 21.6 |
| Mexico | 2022 | 9.23 % | 9.23 |
| United States | 2023 | 15.3 % | 15.3 |
| Uruguay | 2023 | 35.73 % | 35.73 |
| Jamaica | 2023 | 19.75 % | 19.75 |
| Venezuela | 2023 | 23 % | 23 |
| Cameroon | 2022 | 20.4 % | 20.4 |
