Paying taxes: Profit tax in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Paying taxes: Profit tax was 9.4% in 2019. ▼ Falling
Paying taxes: Profit tax in Venezuela, Bolivarian Republic of, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in Venezuela, Bolivarian Republic of stood at 9.4%.
The figure is up 3.3% over ten years.
Over the whole period, paying taxes: profit tax in Venezuela, Bolivarian Republic of peaked at 14.4% in 2005 and was at its lowest, 6.4%, in 2012.
Venezuela, Bolivarian Republic of ranks 140th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Venezuela, Bolivarian Republic of, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 14.4% | — |
| 2006 | 14.0% | -2.8% |
| 2007 | 12.0% | -14.3% |
| 2008 | 10.7% | -10.8% |
| 2009 | 9.1% | -15.0% |
| 2010 | 10.7% | +17.6% |
| 2011 | 7.6% | -29.0% |
| 2012 | 6.4% | -15.8% |
| 2013 | 9.8% | +53.1% |
| 2014 | 9.8% | +0.0% |
| 2015 | 9.5% | -3.1% |
| 2016 | 9.9% | +4.2% |
| 2017 | 9.4% | -5.1% |
| 2018 | 9.4% | +0.0% |
| 2019 | 9.4% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.0% | 9.1% | 14.4% | 5 |
| 2010s | 9.2% | 6.4% | 10.7% | 10 |
Countries ranked near Venezuela, Bolivarian Republic of
More reference data data for Venezuela, Bolivarian Republic of
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 38.02 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 53.46 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Venezuela, Bolivarian Republic of?
- Paying taxes: profit tax in Venezuela, Bolivarian Republic of was 9.4% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 14.4% in 2005.
- What is the lowest paying taxes: profit tax recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 6.4% in 2012.
- How does Venezuela, Bolivarian Republic of rank for paying taxes: profit tax?
- Venezuela, Bolivarian Republic of ranks 140th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 3.3%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.