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Norway vs Venezuela: tax rates compared
Norway has an income tax rate of 39.7%, 5.7pp above Venezuela's 34%. The 200-country average is 28%: both sit above it. Norway's figure is dated 2025-01-01 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 | NO | VE | Difference |
|---|---|---|---|
| Income Tax | 39.7% | 34% | NO +5.7 pp |
| Corporate Tax | 22% | 34% | VE +12 pp |
| VAT | 25% | 16% | NO +9 pp |
| Capital Gains Tax | 37.8% | 1% | NO +36.8 pplargest gap |
| Wealth Tax | 1.1% | 0.3% | NO +0.8 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | +5.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 22% | 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 | −12 pp | Venezuela higher |
Venezuela has a corporate tax rate of 34%, 12pp above Norway's 22%. The 201-country average is 22.6%: Norway sits below it, Venezuela sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +9 pp | Norway higher |
Norway has a VAT rate of 25%, 9pp above Venezuela's 16%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | +36.8 pp | Norway higher |
Norway has a capital gains tax rate of 37.8%, 36.8pp above Venezuela's 1%. The 175-country average is 10.3%: Norway sits above it, Venezuela sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | +0.8 pp | Norway higher |
Norway has a wealth tax rate of 1.1%, 0.8pp above Venezuela's 0.3%. The 193-country average is 0.1%: both sit above it.
Not covered for both countries yet: Crypto Tax.