How is crypto taxed in Venezuela?

Crypto tax in Venezuela comes from two existing taxes rather than one crypto law. A transaction tax, the IGTF, hits some crypto payments, and income tax applies to gains. As of November 2026, the main published rules are the 2022 IGTF reform and a 2024 rate decree, while income tax guidance comes mostly through SENIAT's filing system and press coverage.

What is the IGTF on crypto in Venezuela?

The IGTF (Impuesto a las Grandes Transacciones Financieras) is a tax on certain payments. A partial reform enacted on February 25, 2022 extended it to payments in crypto assets not issued by the Republic, in two cases, according to Forvis Mazars. These are payments within the national banking system and payments made to special taxpayers, usually large businesses, without a bank in between. The law let the government set rates of 2% to 8% and 2% to 20% for these categories, and fixed them at 3% until it decided otherwise.

A decree published on July 12, 2024 cut the general IGTF rate for special taxpayers' own payments to 0%, but kept the 3% rate on foreign currency and non-state crypto payments in those two cases, PwC Venezuela and Acceso a la Justicia reported. The rate can be changed by decree. CriptoNoticias reported in 2022 that crypto payments to businesses that are not special taxpayers were exempt, and that whether exchange sales of crypto for bolívars are covered was unclear.

Do you pay tax on bitcoin in Venezuela?

Gains from selling bitcoin are expected to be declared as income. Ahead of the March 31, 2026 deadline for 2025 returns, CriptoNoticias and El Diario reported that individuals who lived in Venezuela more than 183 days and earned above a low monthly threshold should report crypto sale income on form DPN 25 in SENIAT's online system. Filers need the purchase date, the value when acquired and the value at sale or exchange. Omitted income can bring fines of 100% to 300% of the unpaid tax under the tax code. These reports drew on a crypto tax software firm's press release rather than a SENIAT statement.

PwC says residents are taxed on worldwide income, at rates from 6% to 34% set in tax units. The same rules would apply to crypto earned through work or business. For record keeping, see what is crypto cost basis.

What does Venezuela's crypto tax law say?

There is no single crypto tax statute. Crypto is regulated by a 2019 decree and licensed by the regulator Sunacrip, as covered in is crypto legal in Venezuela, while taxes come from the IGTF and income tax laws. Dollar stablecoins are widely used, so the IGTF's foreign currency and crypto rules can matter for everyday payments. For comparison, see crypto tax around the world.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.