PA · AmericasVE · Americas
Panama vs Venezuela: tax rates compared
Venezuela has an income tax rate of 34%, 9pp above Panama's 25%. The 200-country average is 28%: Panama 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 | PA | VE | Difference |
|---|---|---|---|
| Income Tax | 25% | 34% | VE +9 pplargest gap |
| Corporate Tax | 25% | 34% | VE +9 pp |
| VAT | 7% | 16% | VE +9 pp |
| Capital Gains Tax | 10% | 1% | PA +9 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 25% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −9 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 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 Panama's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Panama | 7% | Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −9 pp | Venezuela higher |
Venezuela has a VAT rate of 16%, 9pp above Panama's 7%. The 181-country average is 15%: Panama sits below it, Venezuela sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 10% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | +9 pp | Panama higher |
Panama has a capital gains tax rate of 10%, 9pp above Venezuela's 1%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Panama | 0% | Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18 |
| 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 Panama's 0%. The 193-country average is 0.1%: Panama sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.