The Social Security Rate in Venezuela stands at 23 percent. Social Security Rate in Venezuela averaged 23.96 percent from 2004 until 2026, reaching an all time high of 25.00 percent in 2009 and a record low of 23.00 percent in 2005. source: Instituto Venezolano de los Seguros Sociales

Related	Last	Previous	Unit	Reference
Corporate Tax Rate	34.00	34.00	percent	Dec 2026
Personal Income Tax Rate	34.00	34.00	percent	Dec 2026
Sales Tax Rate	16.00	16.00	percent	Dec 2026
Social Security Rate	23.00	23.00	percent	Dec 2026
Social Security Rate For Companies	17.00	17.00	percent	Dec 2026
Social Security Rate For Employees	6.00	6.00	percent	Dec 2026

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.