LY · Africa ↔ VE · Americas
Libya vs Venezuela: tax rates compared
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.
Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.
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 higherlargest gap on this page |
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: Income Tax, VAT, Capital Gains Tax, Crypto Tax.