FACTOID # 2: In Denmark, more than 50% of the tax collected is personal income tax. In the Netherlands, personal income tax makes up less than 15%.
 
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South America > Venezuela > Taxation

VENEZUELAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Customs and other import duties > % of tax revenue 28 % ... [28th of 82]
Customs and other import duties > current LCU 4249602000000 ...
Highest marginal tax rate, corporate rate > % 14 % ... [14th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 9 $ ... [9th of 93]
Highest marginal tax rate, individual rate > % 39 % ... [39th of 102]
Net taxes on products > constant LCU 4011779000000 ...
Net taxes on products > current LCU 24295420000000 ...
Net taxes on products > current US$ 28 $ ... [28th of 159]
Other taxes > % of revenue 31 % ... [31st of 91]
Other taxes > current LCU 3041709000000 ...
Social contributions > % of revenue 55 % ... [55th of 78]
Social contributions > current LCU 1889860000000 ...
Tax payments > number 14 ... [14th of 171]
Tax revenue > % of GDP 45 % ... [45th of 98]
Tax revenue > current LCU 47175200000000 ...
Taxes on goods and services > % of revenue 53 % ... [53rd of 98]
Taxes on goods and services > % value added of industry and services 72 % ... [72nd of 89]
Taxes on goods and services > current LCU 21434710000000 ...
Taxes on income, profits and capital gains > % of revenue 28 % ... [28th of 98]
Taxes on income, profits and capital gains > % of total taxes 25 % ... [25th of 98]

... View all Taxation stats

SOURCES: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.; Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

ALTERNATIVE NAMES: Venezuela, Bolivarian Republic of Venezuela, Republica Bolivariana de Venezuela, Venezuela, RB

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