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Sri Lanka vs Venezuela: tax rates compared
Sri Lanka's income tax rate is 2pp higher than Venezuela's (36% vs 34%). The 200-country average is 28%: both sit above it. Sri Lanka's figure is dated 2025-08-28 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 | LK | VE | Difference |
|---|---|---|---|
| Income Tax | 36% | 34% | LK +2 pp |
| Corporate Tax | 30% | 34% | VE +4 pplargest gap |
| VAT | 18% | 16% | LK +2 pp |
| Capital Gains Tax | 0% | 1% | VE +1 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Sri Lanka | 36% | Source: Inland Revenue Department, Sri Lanka — Tax Chart, Year of Assessment 2025/2026 · as of 2025-08-28 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | +2 pp | Sri Lanka higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Sri Lanka | 30% | 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 | −4 pp | Venezuela higher |
Venezuela's corporate tax rate is 4pp higher than Sri Lanka's (34% vs 30%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Sri Lanka | 18% | Source: Sri Lanka Inland Revenue Department — Value Added Tax (VAT) · as of 2024-01-01 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +2 pp | Sri Lanka higher |
Sri Lanka's VAT rate is 2pp higher than Venezuela's (18% vs 16%). The 181-country average is 15%: both sit above it. Sri Lanka's figure is dated 2024-01-01 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Sri Lanka | 0% | Source: Inland Revenue Department, Sri Lanka — Capital Gain Tax (CGT) · as of 2025-11-19 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | −1 pp | Venezuela higher |
Venezuela's capital gains tax rate is 1pp higher than Sri Lanka's (1% vs 0%). The 175-country average is 10.3%: both sit below it. Sri Lanka's figure is dated 2025-11-19 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Sri Lanka | 0% | Source: Sri Lanka Inland Revenue Department — Acts of Parliament (tax legislation listing) · 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's wealth tax rate is 0.3pp higher than Sri Lanka's (0.3% vs 0%). The 193-country average is 0.1%: Sri Lanka sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.