Crypto tax in Venezuela
How is cryptocurrency taxed in Venezuela?
In Venezuela, cryptocurrency is classified as income and is taxed at a headline rate of 34%. There is also a 1% capital gains tax.
Common questions
- What is the headline tax rate for crypto income in Venezuela?
- The headline tax rate for cryptocurrency income in Venezuela is 34%.
- Is there a separate capital gains tax on crypto in Venezuela?
- Yes, Venezuela applies a 1% capital gains tax in addition to the income tax on cryptocurrency.
- Does Venezuela tax worldwide income from crypto?
- Venezuela has a worldwide tax system, meaning income from cryptocurrency may be subject to tax regardless of where it is earned.
Crypto in Venezuela is taxed as ordinary income.
Treatment
taxed as ordinary income
Long-term
Still taxed
Headline rate
34%
As an individual in Venezuela, crypto gains are treated as taxable income (up to 34% for residents) rather than enjoying any capital-gains-style or long-term exemption, and payments made in crypto can also trigger an additional large financial transactions tax.
“Las personas naturales residentes en Venezuela están sujetas al pago del Impuesto Sobre la Renta sobre los enriquecimientos netos de cualquier fuente, de carácter mundial, de conformidad con las tarifas progresivas previstas en la Ley, que alcanzan hasta el treinta y cuatro por ciento (34 %). Asimismo, los pagos realizados en moneda extranjera, criptomonedas o criptoactivos distintos a los emitidos o garantizados por la República se encuentran sujetos al Impuesto a las Grandes Transacciones Financieras, con alícuotas fijadas por el Ejecutivo Nacional dentro de los rangos establecidos en la Ley.” — SENIAT (Servicio Nacional Integrado de Administración Aduanera y Tributaria)
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.