Kyrgyzstan vs Venezuela
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐ฐ๐ฌ Kyrgyzstan โ Oblast & Municipal Taxes
Kyrgyzstan's 9 regions (oblastylar) and cities of Bishkek/Osh have limited independent taxing powers. Kyrgyzstan is a landlocked, mountainous country dependent on gold mining (Kumtor mine), remittances from Russia, and transit trade. The country experienced political instability (three revolutions since 2005). A unified tax code simplified the system. The patent tax system allows small informal traders to pay lump-sum taxes. EAEU membership since 2015 affects customs and VAT harmonization with Russia, Kazakhstan, Belarus, and Armenia.
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.
Kyrgyzstan vs Venezuela: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ป๐ช Venezuela has a higher top income tax rate (10% vs 6โ34%). ๐ฐ๐ฌ Kyrgyzstan is more favourable for high earners.
๐ VAT/Sales Tax: Venezuela has a higher consumption tax (12% vs 16%).
๐ข Corporate Tax: ๐ฐ๐ฌ Kyrgyzstan offers a lower corporate rate (10% vs 34%), which can influence business location decisions.
๐ Capital Gains: ๐ฐ๐ฌ Kyrgyzstan taxes investment gains at a lower rate (10% vs 34%), benefiting investors.