KR · Asia ↔ VE · Americas
South Korea vs Venezuela: tax rates compared
Venezuela's corporate tax rate is 7.6pp higher than South Korea's (34% vs 26.4%). The 201-country average is 22.6%: both sit above it.
Verified data covers two of the six tracked tax types for both countries; every rate below is cited to its source and dated.
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 26.4% | 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 | −7.6 pp | Venezuela higherlargest gap on this page |
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| South Korea | 0% | Source: PWC Worldwide Tax Summaries — Korea, Republic of (Individual, Other taxes) · as of 2026-07-02 |
| 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 South Korea's (0.3% vs 0%). The 193-country average is 0.1%: South Korea sits below it, Venezuela sits above it.
Not covered for both countries yet: Income Tax, VAT, Capital Gains Tax, Crypto Tax.