Which has higher paying taxes: labor tax and contributions, Singapore or Venezuela, Bolivarian Republic of?

Venezuela, Bolivarian Republic of, at 18.2% against 17.8% in Singapore as of 2019.

What is the difference in paying taxes: labor tax and contributions between Singapore and Venezuela, Bolivarian Republic of?

0.4%, with Venezuela, Bolivarian Republic of ahead.

How many years of comparable data are there for Singapore and Venezuela, Bolivarian Republic of?

15 years are reported by both, from 2005 to 2019.

Where does this data come from?

The World Bank, published as Paying taxes: Labor tax and contributions (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Singapore vs Venezuela, Bolivarian Republic of: Paying taxes: Labor tax and contributions

Singapore

17.8%

in 2019

Venezuela, Bolivarian Republic of

18.2%

in 2019

Singapore rank

79th

Venezuela, Bolivarian Republic of rank

77th

Paying taxes: Labor tax and contributions over time

Singapore
Venezuela, Bolivarian Republic of

How they compare

Venezuela, Bolivarian Republic of currently reports 18.2% against 17.8% in Singapore, a difference of 0.4%.

Across all 15 years both countries report, Venezuela, Bolivarian Republic of has been ahead every year.

Singapore ranks 79th and Venezuela, Bolivarian Republic of ranks 77th of 190 countries.

Venezuela, Bolivarian Republic of has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Singapore	Venezuela, Bolivarian Republic of	Difference	Ahead
2000s	14.3%	17.9%	3.6%	Venezuela, Bolivarian Republic of
2010s	16.4%	18.0%	1.6%	Venezuela, Bolivarian Republic of

Averages of every year both report within each decade.

Frequently asked questions

Which has higher paying taxes: labor tax and contributions, Singapore or Venezuela, Bolivarian Republic of?: Venezuela, Bolivarian Republic of, at 18.2% against 17.8% in Singapore as of 2019.
What is the difference in paying taxes: labor tax and contributions between Singapore and Venezuela, Bolivarian Republic of?: 0.4%, with Venezuela, Bolivarian Republic of ahead.
How many years of comparable data are there for Singapore and Venezuela, Bolivarian Republic of?: 15 years are reported by both, from 2005 to 2019.
How do Singapore and Venezuela, Bolivarian Republic of rank globally for paying taxes: labor tax and contributions?: Singapore ranks 79th and Venezuela, Bolivarian Republic of ranks 77th of 190 countries.
Where does this data come from?: The World Bank, published as Paying taxes: Labor tax and contributions (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Singapore vs Venezuela, Bolivarian Republic of: Paying taxes: Labor tax and contributions. Statizoid. Retrieved 14 September 2026, from https://reference.statizoid.com/compare/paying-taxes-labor-tax-and-contributions-percent-of-profits/singapore/venezuela-rb/

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About this data

Indicator: Paying taxes: Labor tax and contributions (% of profits)
Unit: % of profits
Source: World Bank
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 190 places, 2,789 data points, 2005–2019
Last refreshed: 07 September 2026

The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.