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Social Security Rate for Companies and Employees in Venezuela

Social Security Rate Data in Venezuela

Indicator Data Period
Social Security Rate 23 % 2021
Social Security Rate For Companies 17 % 2021
Social Security Rate For Employees 6 % 2021


Latest data on Social Security Rate (%)

Social Security Rate
                     Venezuela - Historical Data (%)

What is Social Security Rate in Venezuela?

  • Social Security Rate in Venezuela decreased to 23 % in 2021. 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 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
25 2014 31.12.2014
25 2013 31.12.2013


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 (%)

Social Security Rate For Companies
                     Venezuela - Historical Data (%)

What is Social Security Rate For Companies in Venezuela?

  • Social Security Rate in Venezuela decreased to 17 % in 2021. 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 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
19 2014 31.12.2014
19 2013 31.12.2013


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 (%)

Social Security Rate For Employees
                     Venezuela - Historical Data (%)

What is employer Social Security rate in Venezuela?

  • Corporate Tax Rate in Venezuela increased to 6 % in 2021. 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 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
6 2014 31.12.2014
6 2013 31.12.2013


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 2021 34 % 34
Personal Income Tax Rate 2021 34 % 34
Sales Tax Rate 2021 16 % 16

Social Security Rate in other countries

Country Updated Actual Previous
Colombia 2021 30.5 % 30.5
Panama 2021 22 % 22
Brazil 2021 39.8 % 39.8
Chile 2021 23.5 % 23.5
Paraguay 2021 25.5 % 25.5
Argentina 2021 37.4 % 37.4
Canada 2021 14.38 % 14.09
Ecuador 2021 21.6 % 21.6
Mexico 2020 9.23 % 9.23
United States 2021 15.3 % 15.3
Uruguay 2021 35.73 % 35.73
Jamaica 2021 19.5 % 19.25
Venezuela 2021 23 % 24.5
Cameroon 2021 20.4 % 20.4