Norway or Venezuela: which taxes less?

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

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

Tax Norway Venezuela Gap
Corporate income tax headline rate 22% 34% −12.0 points
Personal income tax top bracket 22% to 39.8% 6% to 34% +5.8 points
VAT standard rate 25% 16% +9.0 points

Detailed schedules

Corporate income tax

Norway

n/a

Venezuela

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