Australia or Venezuela: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Australia and Venezuela weigh about the same on the taxpayer.

Tax Australia Venezuela Gap
Corporate income tax headline rate 30% 34% −4.0 points
Personal income tax top bracket 0% to 45% 6% to 34% +11.0 points
VAT standard rate 10% 16% −6.0 points

Detailed schedules

Corporate income tax

Australia

n/a

Venezuela

General regime 34%
Oil activities 50%
Mining activities 60%
See the Australia page See the Venezuela page