Gabon vs Venezuela
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ฌ๐ฆ Gabon โ Provincial & Municipal Taxes
Gabon's 9 provinces and 50 departments levy local patente (business licence), property tax (contribution fonciรจre), and local service fees. Gabon is a significant oil producer (declining reserves) and timber exporter. The country experienced a military coup in August 2023 under the transitional government of General Oligui Nguema. Oil revenues have historically funded the state but are declining, necessitating fiscal diversification. Gabon is a member of the CEMAC economic community using the CFA franc.
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.
Gabon vs Venezuela: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฌ๐ฆ Gabon has a higher top income tax rate (0โ35% vs 6โ34%). ๐ป๐ช Venezuela is more favourable for high earners.
๐ VAT/Sales Tax: Gabon has a higher consumption tax (18% vs 16%).
๐ข Corporate Tax: ๐ฌ๐ฆ Gabon offers a lower corporate rate (30% vs 34%), which can influence business location decisions.
๐ Capital Gains: ๐ฌ๐ฆ Gabon taxes investment gains at a lower rate (20% vs 34%), benefiting investors.