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Suriname vs Venezuela
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ธ๐Ÿ‡ท Suriname
vs
๐Ÿ‡ป๐Ÿ‡ช Venezuela
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“38%
38% top; oil revenues transforming fiscal position
No change
6โ€“34%
34% top; dollarized economy stabilizing tax base
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
10% maintained
No change
16%
16% IVA maintained
No change
Corporate Tax Rate
Corporate Tax Rate
36%
36%; new oil field revenues from Block 58
No change
15โ€“34%
15โ€“34%; oil sector investment incentives
No change
Capital Gains Tax
Capital Gains Tax
36%
36% as income
No change
34%
34% as income
No change
Social Security & Payroll
Social Security / Payroll
~20%
SVB reform; oil wealth improving social spending
No change
~20%
IVSS reform needed; formal sector growing slowly
No change
State, Regional & Local Taxes

๐Ÿ‡ธ๐Ÿ‡ท 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 2020โ€“21 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.

๐Ÿ‡ป๐Ÿ‡ช 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%โ€“10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017โ€“2021) destroyed the bolรญvar and most formal taxation. Dollarization and new strong bolรญvar (VES) partially stabilized the system. Significant informal economy.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Suriname vs Venezuela: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ธ๐Ÿ‡ท Suriname has a higher top income tax rate (0โ€“38% vs 6โ€“34%). ๐Ÿ‡ป๐Ÿ‡ช Venezuela is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Venezuela has a higher consumption tax (10% vs 16%).

๐Ÿข Corporate Tax: ๐Ÿ‡ป๐Ÿ‡ช Venezuela offers a lower corporate rate (34% vs 36%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ป๐Ÿ‡ช Venezuela taxes investment gains at a lower rate (34% vs 36%), benefiting investors.

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