Venezuela Collected Over 3 Billion Dollars in Taxes in the First Quarter
The government led by Delcy Rodríguez collected over 3 billion dollars in taxes in the first quarter of 2026, according to the average official exchange rate for this period from the Central Bank of Venezuela (BCV). The National Integrated Service of Customs and Tax Administration (Seniat) indicated this Wednesday that, between January and March, it collected 1,437,122,673,304 bolivars (3 billion dollars).
TL;DR
- The Venezuelan government collected over 3 billion dollars in taxes in the first quarter of 2026.
- Seniat reported collecting 1,437,122,673,304 bolivars between January and March.
- Business groups have warned about the high tax burden on formal companies, which dedicate up to 80% of their profits to taxes.
- An economist stated that, due to high inflation, the real value of the tax collection is much less impressive than the nominal amount suggests.
- Inflation in Venezuela accumulated to 51.9% in the first two months of 2026.
- The minimum wage has been fixed at 130 bolivars since March 2022, which is now equivalent to about 27 cents per month.
- Government workers receive two bonuses totaling $160 monthly, deposited in bolivars at the official exchange rate.