Venezuela: Commercial tax rate

* indicates monthly or quarterly data series

Tax rate, percent of commercial profits

 Latest value 73.30
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 61.27
 Min - Max 49.80 - 73.30
 Source The World Bank (doing business survey)
For that indicator, we provide data for Venezuela from 2005 to 2019. The average value for Venezuela during that period was 61.27 percent with a minimum of 49.8 percent in 2006 and a maximum of 73.3 percent in 2019. The latest value from 2019 is 73.3 percent. For comparison, the world average in 2019 based on 184 countries is 40.53 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Venezuela - Commercial tax rate - Recent values chart

Historical chart
Venezuela - Commercial tax rate - historical chart - 2005-2019

Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 14.60 2014 percent
 Government spending, in dollars 70.44 2014 billion U.S. dollars
 Fiscal balance, percent of GDP -4.51 2021 percent
 Government debt 133.61 2017 percent
 Commercial tax rate 73.30 2019 percent
 Tax preparation time 920 2019 hours
 Number of taxes 99 2019 taxes
 Foreign aid 273.12 2021 million U.S. dollars
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