LY · AfricaVE · Americas
Libya vs Venezuela: tax rates compared
Between the two, Venezuela's income tax rate (34%) tops Libya's (10%) by 24pp. The 200-country average is 28%: Libya sits below it, Venezuela sits above it.
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 | LY | VE | Difference |
|---|---|---|---|
| Income Tax | 10% | 34% | VE +24 pplargest gap |
| Corporate Tax | 20% | 34% | VE +14 pp |
| VAT | 0% | 16% | VE +16 pp |
| Capital Gains Tax | 0% | 1% | VE +1 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −24 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 20% | 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 | −14 pp | Venezuela higher |
Between the two, Venezuela's corporate tax rate (34%) tops Libya's (20%) by 14pp. The 201-country average is 22.6%: Libya sits below it, Venezuela sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −16 pp | Venezuela higher |
Between the two, Venezuela's VAT rate (16%) tops Libya's (0%) by 16pp. The 181-country average is 15%: Libya sits below it, Venezuela sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Between the two, Venezuela's capital gains tax rate (1%) tops Libya's (0%) by 1pp. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Between the two, Venezuela's wealth tax rate (0.3%) tops Libya's (0%) by 0.3pp. The 193-country average is 0.1%: Libya sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.