Venezuela cryptocurrency tax guide
Venezuela established SUNACRIP (the National Superintendency of Crypto Assets) under a decree reported as published in Official Gazette No. 41,575 in late January or early February 2019 (sources disagree on the exact date), making registration with SUNACRIP mandatory for businesses using cryptocurrency. A separate, same-period decree reportedly named SUNACRIP as responsible for taxing crypto transfers, capping transfer fees at 15% and monthly Petro-denominated remittance limits — but this guide could not confirm whether this framework remains current for 2025, and the legal status of the government's own 'petro' cryptocurrency is itself disputed.
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Tax authority: Servicio Nacional Integrado de Administración Aduanera y Tributaria (SENIAT); Superintendencia Nacional de Criptoactivos (SUNACRIP) for crypto-specific regulation · Last reviewed 2026-10-28 · Next review due 2027-04-28
This is educational information, not individualized tax or legal advice. Cryptocurrency taxation changes quickly and depends on personal circumstances — confirm current rules with Servicio Nacional Integrado de Administración Aduanera y Tributaria (SENIAT); Superintendencia Nacional de Criptoactivos (SUNACRIP) for crypto-specific regulation or a qualified local tax professional before relying on it.
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What this guide covers
This guide summarizes Venezuela's crypto regulatory and tax framework as established around 2019, since this research pass couldn't confirm its current (2025-2026) status. seniat.gob.ve wasn't directly fetched. This is educational information, not individualized tax advice.
Tax treatment of cryptocurrency
Venezuela's crypto tax framework was last clearly documented in 2019-2020, and this guide can't confirm it still applies today. Venezuela established SUNACRIP (Superintendencia Nacional de Criptoactivos) under a 2019 decree. Official Gazette No. 41,575 made registration with SUNACRIP mandatory for businesses using cryptocurrency, with Article 11 granting SUNACRIP authority to coordinate and monitor records of digital miners, exchange houses, and other crypto financial services — though one source notes the exact scope of these powers isn't clearly defined. A separate February 2019 decree named SUNACRIP as the body responsible for taxing crypto transfers, reportedly capping transfer fees at 15% and setting a monthly limit of 10 Petro for crypto remittances in the government's own 'petro' cryptocurrency, with transfers above that limit requiring SUNACRIP approval. The petro's own legal status is disputed: one source describes it as a legal, regulated sovereign token usable for administrative fees, while another reports Venezuela's National Assembly declared the petro illegal in March 2018, with no clear evidence anyone actually held, traded, or accepted it despite government claims it would be legal tender. One 2020 enforcement example describes SUNACRIP ordering a small factory to pay roughly 3 BTC, with fines under Official Gazette 41,575 capped at 300 petros.
Common taxable events
- Crypto transfers above the reported monthly Petro-denominated remittance limit — require SUNACRIP approval, per the 2019 framework (current status unconfirmed).
- Crypto transfers generally — reported as subject to a 15% transfer fee/tax under the February 2019 decree (current status unconfirmed).
Potentially non-taxable events
- Not identified with confidence in this research pass.
Tax rates and thresholds
A reported 15% maximum transfer fee for crypto transfers, and a reported monthly limit of 10 Petro for remittances, both under the February 2019 decree — this guide does not confirm these figures remain current for 2025, given the 2019-2020 age of all sourcing located.
Cost basis and calculation
Not independently confirmed in this research pass.
Reporting and compliance
- Businesses using cryptocurrency must register with SUNACRIP under Official Gazette No. 41,575.
- Crypto transfers above the reported monthly limit require SUNACRIP approval.
Residency and cross-border issues
Not resolved in this research pass.
Example
This guide omits a worked tax example, given that all sourcing for the specific transfer-fee and remittance-limit figures dates to 2019-2020, and this guide couldn't confirm the framework's current status for 2025.
Official resources
- SENIAT: https://www.seniat.gob.ve/
- SUNACRIP: https://www.sunacrip.gob.ve/
Limitations and review information
Tax year covered: 2025. Last verified: October 28, 2026 (a citation-integrity pass; a 'Norton Rose Fulbright' attribution in the original research could not be re-verified and was replaced with CoinDesk and Elliptic, which themselves disagree on the exact gazette date -- late January vs. early February 2019). Known gap: seniat.gob.ve wasn't directly fetched; all sourcing for the specific transfer-fee, remittance-limit, and enforcement details dates to 2019-2020, and this guide couldn't confirm the framework's current status for 2025. The petro cryptocurrency's own legal status is itself genuinely disputed. This is educational information only, not individualized tax advice — confirm current specifics directly with SENIAT, SUNACRIP, or a qualified Venezuelan tax professional.
Sources
CoinDesk · Published/updated 2019-02-04 · Checked 2026-10-28
Supports: That Official Gazette No. 41,575 made registration with SUNACRIP mandatory for crypto exchanges and miners, with non-registrants facing a penalty of 100-300 petros. Describes the gazette as published 'the previous week,' i.e. late January 2019 -- not independently confirmed against the gazette's own text.
- Venezuela country guideSecondary source
Elliptic · Checked 2026-10-28
Supports: Dates Official Gazette No. 41,575 to 30 January 2019 (not February, as CoinDesk's framing implies) and describes it as repealing the earlier SUPCACVEN framework and replacing it with SUNACRIP. This guide discloses the date discrepancy between the two sources rather than asserting one as settled.
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