Taxes on goods and services as a share of revenue reached 24.9% in 2005 in Venezuela, according to the National Statistical Office. This is 10.8% less than in the previous year.
Historically, taxes on goods and services as a share of revenue in Venezuela reached an all time high of 38.1% in 1998 and an all time low of 3.18% in 1990.
Venezuela has been ranked 85th within the group of 120 countries we follow in terms of taxes on goods and services as a share of revenue.
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