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Economy > Government > Revenue > Tax Stats: compare key data on Philippines & Venezuela

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Definitions

STAT Philippines Venezuela
Maximum tax rate for individuals 20%
Ranked 5th. 3 times more than Venezuela
6%
Ranked 12th.
Tax burden, % of GDP 12.3
Ranked 146th.
12.5
Ranked 143th. 2% more than Philippines
Taxes foreign income of nonresident citizens no no
Taxes foreign income of resident foreigners no yes
Taxes local income of nonresident individuals yes yes
Taxes local income of resident citizens yes yes
Taxes local income of resident foreigners yes yes

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