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Venezuela

Americas

Reported as independent professional income under ISLR Tarifa No. 1, progressive 6-34%, on worldwide income. Brackets are expressed in Unidad Tributaria and shift with high inflation, so the effective rate is uncertain; USDC is valued in bolívares on receipt.

How it's classified

Independent professional/business income (honorarios profesionales no mercantiles) under ISLR - self-employment income, NOT capital gains. Venezuela taxes residents on worldwide income.

Tax rate

Progressive Tarifa No. 1 for individuals 6-34% (top 34%); brackets are defined in Unidad Tributaria, so bands shift with UT/inflation.

Social contributions

IVSS/social-security and parafiscal contributions apply mainly to employment; an independent contractor paid by a foreign firm typically has no automatic VE withholding.

Registration / regime

Annual ISLR declaration to SENIAT; filing required once net enrichment exceeds 1,000 UT (or gross income 1,500 UT).

Crypto payouts

Crypto payouts valued in bolívares at receipt and included in worldwide taxable enrichment; severe inflation/UT distortions make the effective burden volatile.

General information only — this is not tax or legal advice. Rules change and depend on your situation. Always confirm with a qualified tax professional in your country.
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