The Social Security Rate in Venezuela stands at 24.50 percent. source: Instituto Venezolano de los Seguros Sociales

Social Security Rate in Venezuela averaged 24.27 percent from 2004 until 2018, reaching an all time high of 25 percent in 2009 and a record low of 23 percent in 2005. This page provides - Venezuela Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Venezuela Social Security Rate - values, historical data and charts - was last updated on December of 2020.

Social Security Rate in Venezuela is expected to reach 24.50 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 is projected to trend around 24.50 percent in 2021, according to our econometric models.

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Venezuela Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
24.50 24.50 25.00 23.00 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
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.