Venezuela vs Namibia
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ป๐ช Venezuela โ Municipal & State Taxes
Venezuela's 23 states and Caracas Capital District have constitutionally defined taxing powers. States levy taxes on minerals, hydrocarbons (petrรณleo royalties), and salinas. Municipalities levy the Impuesto sobre Actividades Econรณmicas (IAE) โ a gross receipts tax โ at 0.5%โ10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017โ2021) destroyed the bolรญvar and most formal taxation. Dollarization and new strong bolรญvar (VES) partially stabilized the system. Significant informal economy.
๐ณ๐ฆ Namibia โ Regional Councils & Local Authorities
Namibia's 14 regional councils and local authority councils levy property rates, business licences, and local fees. The Namibia Revenue Agency (NamRA) administers national taxes. Namibia is a significant mining economy โ diamonds (Namdeb/De Beers), uranium (one of world's largest producers), copper. A major TotalEnergies Orange Basin offshore oil discovery is advancing toward production. Non-resident shareholders' tax (NRST) at 10%โ20% applies on dividends. Namibia has one of Africa's more functional tax administrations.
Venezuela vs Namibia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ณ๐ฆ Namibia has a higher top income tax rate (6โ34% vs 0โ37%). ๐ป๐ช Venezuela is more favourable for high earners.
๐ VAT/Sales Tax: Venezuela has a higher consumption tax (16% vs 15%).
๐ข Corporate Tax: ๐ณ๐ฆ Namibia offers a lower corporate rate (32% vs 34%), which can influence business location decisions.
๐ Capital Gains: ๐ณ๐ฆ Namibia taxes investment gains at a lower rate (0% vs 34%), benefiting investors.