The Social Security Rate For Companies in Venezuela stands at 19 percent.

Social Security Rate For Companies in Venezuela averaged 18.33 percent from 2004 until 2018, reaching an all time high of 19 percent in 2009 and a record low of 17 percent in 2005. This page provides - Venezuela Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Social Security Rate For Companies - values, historical data and charts - was last updated on July of 2020.

Social Security Rate For Companies in Venezuela is expected to reach 19.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Social Security Rate For Companies is projected to trend around 19.00 percent in 2021, according to our econometric models.

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Venezuela Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
19.00 19.00 19.00 17.00 2004 - 2019 percent Yearly

Venezuela Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 34.00 34.00 34.00 34.00 percent [+]
Personal Income Tax Rate 34.00 34.00 34.00 34.00 percent [+]
Sales Tax Rate 16.00 16.00 16.00 9.00 percent [+]
Social Security Rate 24.50 24.50 25.00 23.00 percent [+]
Social Security Rate For Companies 19.00 19.00 19.00 17.00 percent [+]
Social Security Rate For Employees 5.50 5.50 6.00 5.50 percent [+]


Venezuela Social Security Rate For Companies
In Venezuela, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Venezuela because they help to pay for many social programs including welfare, health care and many other benefits.