BO · AmericasSO · Africa
Bolivia vs Somalia: tax rates compared
Between the two, Somalia's income tax rate (18%) tops Bolivia's (13%) by 5pp. The 200-country average is 28%: both sit below it. Bolivia's figure is dated 2026-03-26 and Somalia's 2025-11-01, so the two rates come from different data vintages.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BO | SO | Difference |
|---|---|---|---|
| Income Tax | 13% | 18% | SO +5 pp |
| Corporate Tax | 25% | 15% | BO +10 pplargest gap |
| Wealth Tax | 2.4% | 0% | BO +2.4 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 13% | Source: PWC Worldwide Tax Summaries — Bolivia (Individual, Taxes on personal income) · as of 2026-03-26 |
| Somalia | 18% | Source: Ministry of Finance, Federal Republic of Somalia — Income Tax Manual (for the Income Tax Law 2025 & Income Tax Regulations 2025) · as of 2025-11-01 |
| Difference | −5 pp | Somalia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Somalia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +10 pp | Bolivia higher |
Between the two, Bolivia's corporate tax rate (25%) tops Somalia's (15%) by 10pp. The 201-country average is 22.6%: Bolivia sits above it, Somalia sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bolivia | 2.4% | Source: PWC Worldwide Tax Summaries — Bolivia (Individual, Other taxes) · as of 2026-03-26 |
| Somalia | 0% | Source: Somalia Revenue Directorate — Direct Tax · as of 2026-07-18 |
| Difference | +2.4 pp | Bolivia higher |
Between the two, Bolivia's wealth tax rate (2.4%) tops Somalia's (0%) by 2.4pp. The 193-country average is 0.1%: Bolivia sits above it, Somalia sits below it.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax.