GD · AmericasVE · Americas
Grenada vs Venezuela: tax rates compared
Venezuela's income tax rate is 4pp higher than Grenada's (34% vs 30%). The 200-country average is 28%: both sit above it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | VE | Difference |
|---|---|---|---|
| Income Tax | 30% | 34% | VE +4 pp |
| Corporate Tax | 28% | 34% | VE +6 pplargest gap |
| VAT | 15% | 16% | VE +1 pp |
| Capital Gains Tax | 0% | 1% | VE +1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −4 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | −6 pp | Venezuela higher |
Venezuela's corporate tax rate is 6pp higher than Grenada's (34% vs 28%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Venezuela's VAT rate is 1pp higher than Grenada's (16% vs 15%). The 181-country average is 15%: Grenada matches the world average, Venezuela sits above it. Grenada's figure is dated 2010-02-01 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| 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 Grenada's (1% vs 0%). The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.