Paying taxes: Total tax and contribution rate in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Paying taxes: Total tax and contribution rate was 73.3% in 2019. ▲ Rising
Paying taxes: Total tax and contribution rate in Venezuela, Bolivarian Republic of, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
In 2019, paying taxes: total tax and contribution rate in Venezuela, Bolivarian Republic of stood at 73.3%. That is the highest value across all 15 years on record.
The figure is up 4.6% on the previous year and up 21.4% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Venezuela, Bolivarian Republic of peaked at 73.3% in 2019 and was at its lowest, 49.8%, in 2006.
Venezuela, Bolivarian Republic of ranks 7th of 190 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Venezuela, Bolivarian Republic of, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 50.2% | — |
| 2006 | 49.8% | -0.8% |
| 2007 | 53.6% | +7.6% |
| 2008 | 55.6% | +3.7% |
| 2009 | 60.4% | +8.6% |
| 2010 | 51.9% | -14.1% |
| 2011 | 62.8% | +21.0% |
| 2012 | 61.5% | -2.1% |
| 2013 | 65.0% | +5.7% |
| 2014 | 65.0% | +0.0% |
| 2015 | 64.7% | -0.5% |
| 2016 | 65.0% | +0.5% |
| 2017 | 70.1% | +7.8% |
| 2018 | 70.1% | +0.0% |
| 2019 | 73.3% | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.9% | 49.8% | 60.4% | 5 |
| 2010s | 64.9% | 51.9% | 73.3% | 10 |
Countries ranked near Venezuela, Bolivarian Republic of
- 5 Equatorial Guinea 79.4% compare
- 6 Palau 76.6% compare
- 7 Central African Republic 73.3% compare
- 9 Afghanistan 71.4% compare
- 10 Colombia 71.2% compare
More reference data data for Venezuela, Bolivarian Republic of
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- 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) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure applied to Soils 1,190 (2050)
- Emission Totals - Direct emissions (N2O) - Agricultural Soils 41.16 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 110.44 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 14,168 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 10,074 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate in Venezuela, Bolivarian Republic of?
- Paying taxes: total tax and contribution rate in Venezuela, Bolivarian Republic of was 73.3% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 73.3% in 2019.
- What is the lowest paying taxes: total tax and contribution rate recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 49.8% in 2006.
- How does Venezuela, Bolivarian Republic of rank for paying taxes: total tax and contribution rate?
- Venezuela, Bolivarian Republic of ranks 7th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.