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Saint Vincent and the Grenadines vs Venezuela: tax rates compared
Venezuela has an income tax rate of 34%, 6pp above Saint Vincent and the Grenadines's 28%. The 200-country average is 28%: Saint Vincent and the Grenadines matches the world average, Venezuela sits above it. Saint Vincent and the Grenadines's figure is dated 2024-01-01 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 | VC | VE | Difference |
|---|---|---|---|
| Income Tax | 28% | 34% | VE +6 pplargest gap |
| Corporate Tax | 28% | 34% | VE +6 pp |
| VAT | 16% | 16% | match |
| Capital Gains Tax | 0% | 1% | VE +1 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 28% | Source: Saint Vincent and the Grenadines Inland Revenue Department — PAYE Tax Tables (Code 245) · as of 2024-01-01 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −6 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 28% | 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 | −6 pp | Venezuela higher |
Venezuela has a corporate tax rate of 34%, 6pp above Saint Vincent and the Grenadines's 28%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 16% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Saint Vincent and the Grenadines · as of 2026-01-01 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Saint Vincent and the Grenadines and Venezuela share the same VAT rate: 16%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 0% | Source: Laws of Saint Vincent and the Grenadines — Income Tax Act, Cap. 435, Section 33 (Assessable income: general) · as of 2026-07-19 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Venezuela has a capital gains tax rate of 1%, 1pp above Saint Vincent and the Grenadines's 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Saint Vincent and the Grenadines | 0% | Source: Saint Vincent and the Grenadines Inland Revenue Department — Taxes · as of 2026-07-18 |
| 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 Saint Vincent and the Grenadines's 0%. The 193-country average is 0.1%: Saint Vincent and the Grenadines sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.