Venezuela vs Suriname
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.
๐ธ๐ท Suriname โ District Administrations
Suriname's 10 districts have limited local taxing authority within national frameworks. The Surinaamse Belastingdienst administers national taxes. Suriname went through a severe debt crisis in 2020โ21 and defaulted on its sovereign debt; an IMF program is stabilizing the economy. Oil (Staatsolie) and gold mining are dominant revenue sources. A major TotalEnergies offshore oil discovery (Block 58) is advancing toward production. Suriname uses the Surinamese dollar (SRD); significant devaluation has affected the real tax burden.
Venezuela vs Suriname: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ธ๐ท Suriname has a higher top income tax rate (6โ34% vs 0โ38%). ๐ป๐ช Venezuela is more favourable for high earners.
๐ VAT/Sales Tax: Venezuela has a higher consumption tax (16% vs 10%).
๐ข Corporate Tax: ๐ป๐ช Venezuela offers a lower corporate rate (34% vs 36%), which can influence business location decisions.
๐ Capital Gains: ๐ป๐ช Venezuela taxes investment gains at a lower rate (34% vs 36%), benefiting investors.