JM · AmericasVE · Americas
Jamaica vs Venezuela: tax rates compared
Venezuela has an income tax rate of 34%, 4pp above Jamaica's 30%. The 200-country average is 28%: both sit above it. Jamaica's figure is dated 2025-12-31 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 | JM | VE | Difference |
|---|---|---|---|
| Income Tax | 30% | 34% | VE +4 pp |
| Corporate Tax | 25% | 34% | VE +9 pplargest gap |
| VAT | 15% | 16% | VE +1 pp |
| Capital Gains Tax | 0% | 1% | VE +1 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| 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 |
|---|---|---|
| Jamaica | 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 has a corporate tax rate of 34%, 9pp above Jamaica's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Venezuela has a VAT rate of 16%, 1pp above Jamaica's 15%. The 181-country average is 15%: Jamaica matches the world average, Venezuela sits above it. Jamaica's figure is dated 2025-12-31 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Venezuela has a capital gains tax rate of 1%, 1pp above Jamaica's 0%. The 175-country average is 10.3%: both sit below it. Jamaica's figure is dated 2025-12-31 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Venezuela has a wealth tax rate of 0.3%, 0.3pp above Jamaica's 0%. The 193-country average is 0.1%: Jamaica sits below it, Venezuela sits above it. Jamaica's figure is dated 2025-12-31 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.