PH · AsiaVE · Americas
Philippines vs Venezuela: tax rates compared
Between the two, Philippines's income tax rate (35%) tops Venezuela's (34%) by 1pp. The 200-country average is 28%: both sit 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 | PH | VE | Difference |
|---|---|---|---|
| Income Tax | 35% | 34% | PH +1 pp |
| Corporate Tax | 25% | 34% | VE +9 pplargest gap |
| VAT | 12% | 16% | VE +4 pp |
| Capital Gains Tax | 0.6% | 1% | VE +0.4 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 35% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Taxes on personal income) · as of 2026-07-02 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | +1 pp | Philippines higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 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 |
Between the two, Venezuela's corporate tax rate (34%) tops Philippines's (25%) by 9pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −4 pp | Venezuela higher |
Between the two, Venezuela's VAT rate (16%) tops Philippines's (12%) by 4pp. The 181-country average is 15%: Philippines sits below it, Venezuela sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | −0.4 pp | Venezuela higher |
Between the two, Venezuela's capital gains tax rate (1%) tops Philippines's (0.6%) by 0.4pp. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| 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 Philippines's (0%) by 0.3pp. The 193-country average is 0.1%: Philippines sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.