PS · AsiaVE · Americas
Palestine vs Venezuela: tax rates compared
Venezuela's income tax rate is 19pp higher than Palestine's (34% vs 15%). The 200-country average is 28%: Palestine sits below it, Venezuela sits above it.
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 | PS | VE | Difference |
|---|---|---|---|
| Income Tax | 15% | 34% | VE +19 pplargest gap |
| Corporate Tax | 15% | 34% | VE +19 pp |
| VAT | 16% | 16% | match |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Individual, Taxes on personal income) · as of 2026-02-09 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −19 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 15% | 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 | −19 pp | Venezuela higher |
Venezuela's corporate tax rate is 19pp higher than Palestine's (34% vs 15%). The 201-country average is 22.6%: Palestine sits below it, Venezuela sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Palestine | 16% | Source: PWC Worldwide Tax Summaries — Palestinian territories (Corporate, Other taxes) · as of 2026-02-09 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Palestine's VAT rate is identical to Venezuela's — both sit at 16%. The 181-country average is 15%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Palestine | 0% | Source: PWC Worldwide Tax Summaries — Palestinian Territories (Individual, Other taxes) · as of 2026-02-09 |
| 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 Palestine's (0.3% vs 0%). The 193-country average is 0.1%: Palestine sits below it, Venezuela sits above it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.