GN · AfricaVE · Americas
Guinea vs Venezuela: tax rates compared
Venezuela's income tax rate is 14pp higher than Guinea's (34% vs 20%). The 200-country average is 28%: Guinea sits below it, Venezuela sits above it. Guinea's figure is dated 2022-01-01 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
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 | GN | VE | Difference |
|---|---|---|---|
| Income Tax | 20% | 34% | VE +14 pplargest gap |
| Corporate Tax | 25% | 34% | VE +9 pp |
| VAT | 18% | 16% | GN +2 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guinea | 20% | Source: Guinea Code Général des Impôts (Loi ordinaire L/2021/032/AN), Direction Générale des Impôts, Articles 63-64 · as of 2022-01-01 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −14 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guinea | 25% | 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 | −9 pp | Venezuela higher |
Venezuela's corporate tax rate is 9pp higher than Guinea's (34% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Guinea | 18% | Source: PwC — VAT and Indirect Taxes in Africa 2023, Guinea · as of 2023-01-28 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +2 pp | Guinea higher |
Guinea's VAT rate is 2pp higher than Venezuela's (18% vs 16%). The 181-country average is 15%: both sit above it. Guinea's figure is dated 2023-01-28 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guinea | 0% | Source: Direction Générale des Impôts (DGI) Guinée — official site · 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 Guinea's (0.3% vs 0%). The 193-country average is 0.1%: Guinea sits below it, Venezuela sits above it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.