BZ · AmericasVE · Americas
Belize vs Venezuela: tax rates compared
Venezuela's income tax rate is 9pp higher than Belize's (34% vs 25%). The 200-country average is 28%: Belize sits below it, Venezuela sits above it. Belize's figure is dated 2025-01-01 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | VE | Difference |
|---|---|---|---|
| Income Tax | 25% | 34% | VE +9 pp |
| Corporate Tax | 0% | 34% | VE +34 pplargest gap |
| VAT | 12.5% | 16% | VE +3.5 pp |
| Capital Gains Tax | 0% | 1% | VE +1 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −9 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Venezuela | 34% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −34 pp | Venezuela higher |
Venezuela's corporate tax rate is 34pp higher than Belize's (34% vs 0%). The 201-country average is 22.6%: Belize sits below it, Venezuela sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −3.5 pp | Venezuela higher |
Venezuela's VAT rate is 3.5pp higher than Belize's (16% vs 12.5%). The 181-country average is 15%: Belize sits below it, Venezuela sits above it. Belize's figure is dated 2011-12-31 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Venezuela's capital gains tax rate is 1pp higher than Belize's (1% vs 0%). The 175-country average is 10.3%: both sit below it. Belize's figure is dated 2020-12-31 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Venezuela's wealth tax rate is 0.3pp higher than Belize's (0.3% vs 0%). The 193-country average is 0.1%: Belize sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.