A variable valve actuation device for an internal combustion engine includes a variable valve timing mechanism and a valve timing restricting mechanism. When the operating state of the variable valve timing mechanism is in the phase restricting state and the operating state of the variable valve timing mechanism is changed to the phase releasing state on the basis of pressing the accelerator pedal, a torque limiting control is then performed to limit an increase in the torque of the internal combustion engine. With this control the rate of increase of the torque is set less than the rate of increase of the torque corresponding to the operation of pressing the accelerator pedal by retarding and correcting the ignition timing. Thus, when the operating state of the variable valve timing mechanism is changed from the phase restricting state to the phase releasing state, thereby reducing discomfort experienced by the driver.